Swiss
4hr Range Breakout PlayOn the daily, price showed a massive bull run from Aug 21-29th with overextension to 115.00 key resistance and a small double top.
The 4hr shows a range breakout and retest along with a 50ema break and retest at 4hr resistance and 38.3% fib.
The 1hr shows a downtrend forming along with a break and retest of 50ema and 4h/1h resistance.
Profit target is at the 1hr support (113.30) which is above Daily key support at 113.00
DOLLAR SWISS SHORT UPDATESecond target reached earlier today which I wrote about here . Currently the pair has found support right around 0.96750. Retail trade sentiment is biased long while market momentum continues to decline. Further downside seems ahead, although the pair might stabilize within the present price area.
Target III might be a little bit trickier to hit as we'll be in heavily oversold territory. Entry is currently @0.98584 from August 21st. Target III is set @0.95855 for an ~270 pip profit. So far we've pulled in ~360 pips from the initial short which you can read about here.
Selling Position - AUD/CHF I am so glad to be back posting after more then a year. My technical's are bleeding that its oversold but due to the fundamental for the Aussie being so poor keep a tight look on this but from what I can see its a great R:R. The technical side looks great. We haven't seen AUD/CHF at this level since 2016 so hopefully that level will be supported and expect a rally of at least 200+ pips. We also have a hidden bullish divergence so that should also tick another box of an upside.
USD/CHFUchf looks like it made a contracted flat at this point. If it is gonna drop, watch for a possible small flag at the .9900 level/trend line... It seems like we are still gonna finish this correction. I prefer to see those corrections break the high before they drop, but it can be considered completed now. The real entry was at that smaller flag.
SWISS as LAST opportunity? Where is the MONEY going?!Hey guys,
the market is nervous - We all can`t doubt on that.
Traderwar
Turkey
Iran
Seasonality
Brexit
Upcoming ECB changes
and much more...
AS the asia-crisis shows, we all need to think about the coming capital flow!
Where will the money go? What happens when there is almost only falling assets?
We`ve seen less yields in state bonds and an increased interest!
Is that our alternative?
How long can that USD climb that fast?
What will the FED do to stop that in order to prevent a deflation?
And how does that effect the interest in USD and stocks?
There is so much money in US-Indicies, especially in the tech-sector or stocks like
Netflix & Co. Where will the money go as soon as the recession comes? Which is obvisouly a consequence of higher interest rates! :-)
Back into other countrys?
There is too much to discuss about.
But I think it`s time to get prepared for the EURO-crisis, the stock-market-drop and an escalating tradewar.
AT LEAST get prepared.#
You never know.
Cheers and good trades
Irasor
Wanna see more? Don`t forget to follow me for daily ideas and posts! :-)
Short on USDCHF for the rest of the Quarter?Today I am going shorton USDCHFand other dollar pairs. Donald trump has been aggressive towards china with the tariff threats so I see an intense week ahead for the bearish USD to finish out the wee, month and possibly even the quarter. Happy trading keep in mind my setups are intraday and the trends can change at any moment. Manage you risk and take educated trades. HAPPY TRADING !
USDCHF Oppurtunity awaits USDCHF
Waiting for reversal signal to enter a trending market to the downside
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
I see gains in the swiss area so I am short on USDCHFI am placing a SELL here with the bulls on USDCHF because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an opportunity to SELL for the USDCHF pair with confluences to match. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out of the market by 5pm EST each day with my profit or loss taken.
USD/CHF Possible bearish cypher pattern formation in the processThe B point is in the 0.382 to 0.618 range, the C point in the 1.1272 to 1.414 range. After the formation of the final D point we could set profit targets with the Fibonacci retracement by pulling it from the X point to the C point in the 0.618 or 0.382 levels. Nothing is certain yet, but we need to keep an eye out.
Good luck
fokozottan
Chf/Jpy UpdateFirst target area reached. See? The market is fractal. Just gave us a small ending diagonal and extended the small 5 wave pattern. I changed the wave count so you can see my other post and see the difference. Looking at the daily and weekly it is possible it can go a lot higher, possibly retesting the high, but you are in profit.. If you held.
NZD/CHF weekly chartThat's the 200 MA it came off. It is breaking below the daily mid band (20 ma). When I look at the daily, I can see cause for a wave up for at least further correction but when I look at that weekly it looks like downside. I'm not saying just jump in the sell. Just saying you get a setup may want to try it. There was a beautiful one last night.
CADCHF ShortAs we can see from the diagram, a nice Head and Shoulders pattern unfolding on the Daily timeframe on this pair. BoC's hawkishness provided us the spike up today to form the right should and the price was stopped at old broken support that has now become resistance. Moreover, the price is capped on the topside by the 200EMA. We also have the bearish crossover on the MACD.
I expect the price to move down over the coming days.
USD/CHF 4H Chart: Medium term declineThe US Dollar has been declining against the Swiss Franc in May. The decline began after the currency exchange rate met with the upper trend line of a dominant ascending channel up. Moreover, the reversal occurred just as the rate reached above the psychological 1.00 mark.
In the aftermath of the bounce off from the resistance, the currency exchange rate traded almost sideways. However, most recently the rate booked a point of reference, which provided the chance to mark a descending channel pattern.
The pattern is set to guide the rate to the lower trend line of the dominant channel. Although, that does not mean that the rate should be shorted, as the dominant support could be reached by trading sideways.
Swiss Cheese and Profit? Ichimoku USD/CHF Trade IdeaThe Swiss Dollars has been on a text book bullish breakout and run over the past few weeks. We've finally started to fall down and test Tenken Sen. If we break below Tenken Sen the I will be looking to sell on the drawback to Kijun. We can also confirm this early by watching the 1 hour and 4 hour charts for a bearish breakout since I know it can can mess with your psychology to counter trend trade on a larger chart. If we fail to have a bearish breakout on the smaller time frame charts or we fail to break below Tenken Sen on the daily, this setup may become invalidated.
Swiss Market Index LONGLong SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK






















