We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern. Most other Swiss crosses are near or at ATL's or ATH's except this one. We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long...
This pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained. We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce. I generally look at correlation...
USDCHF also looks overbought: the price formed a rising wedge pattern and a descending triangle within. Both the support on the wedge and the neckline of the triangle were broken. I expect a further decline to 0.9163 ❤️Please, support my work with like, thank you!❤️
Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel. Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart. I see AUD gaining in strength as China wakes up. There's a big interest rate decision...
CHF / Swiss Franc is flying, but I think short term interest in the USD will see continued retracement at the start of this week, before a big fall towards the end. Watching closely for a LTF confirmation and then I'm in with a great RR.
SLO @ 0.9625 TP4 @ 0.9610 (shaving) TP3 @ 0.9590 (shaving) TP2 @ 0.9580 (shaving) TP1 @ 0.9566 (shaving) BSO @ 0.9555 ⏳ -SL @ 0.9530 If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555 To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive...
Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here. SSO1 @ 158.50 ⏳ SSO2 @ 152.60 ⏳ TP1 @ 141.33 (shaving 25%) TP2 @ 131.85 (shaving 25%) TP3 @ 124.90 (shaving 25%) TP4 @ 114.15 (closing ALL Sell Orders) BLO1 @ 111.55 ⏳ BLO2 @ 105.25 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with...
As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase. While it is essential to approach such market movements cautiously,...
-SL @ 1.2540 SLO2 @ 1.2392 SLO1 @ 1.2092 TP3 @ 1.1940 TP2 @ 1.1394 TP1 @ 1.0530 BSO @ 1.0009 BLO @ 0.9690 ADDITIONAL INFO: Shaving 25% from TP1/TP2 Closing ALL Buy Orders @ TP3
(an aggressive trade) SLO @ 0.7733 ⏳ TP4 @ 0.7533 (closing ALL Buy Orders) TP3 @ 0.7295 (shaving 25%) TP2 @ 0.7140 (shaving 25%) TP1 @ 0.6915 (shaving 25%) BSO @ 0.6780 ⏳ (moderate) BLO1 @ 0.6666 ⏳ (aggressive) BLO2 @ 0.6550 ⏳ (conservative
VERY AGGRESSIVE POSITION -SL @ 161.66 🚫 SLO2 @ 161.55 ⏳ SLO1 @ 161.44 ⏳ TP3 @ 161.38 (closing ALL Buy Orders) TP2 @ 161.17 (shaving 25%) TP1 @ 161.04 (shaving 25%) BSO @ 160.85 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and...
There are a variety of risks to consider when investing in AT1 Contingent Convertible bonds (affectionately known as ‘CoCos’). These financial instruments, issued by financial institutions, may appear peculiar on first inspection but, once you get to know these quirky financial instruments better, you will better appreciate their unique risk/return profile. CoCos...
Cup and Handle and a Falling Flag has formed on the daily with the Swiss Franc versus the South African Rand. There was a one month consolidation and retracement. And now it looks like the buying and demand is kicking in again for the CHF. We are looking at all yearly highs soon. 7>21>200 RSI=50 Target R22.00 QUICK STORY~! I was in Switzerland in...
PA on this thang—CHFJPY—has broken the ATH. If you plan on catching the downtrend, the most conservative option left is: SSO @ 157.15 (8W) BLO @ 112.15 (7W) ⚠️ MORE INFO TO FOLLOW 🔑 ATH — ALL-TIME HIGH DT — DOWNTREND PA — PRICE ACTION
-SL @ 1.2066 🚫 SLO2 @ 1.1850 ⏳ SLO1 @ 1.1600 ⏳ TP4 @ 1.1475 (closing ALL Buy Orders) TP3 @ 1.1033 (shaving 25%) TP2 @ 1.0755 (shaving 25%) TP1 @ 1.0333 (shaving 25%) BLO1 @ 0.9920 ⏳ BLO2 @ 0.9666 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with...
Bearish trend will continue on USDCHF. I see multiple bearish confirmations both on Daily and intraday time frames. My advice to you - sell the pair on Monday. Goal - 0.891 Please, like this post, boys!
-SL @ 1.1395 🚫 SLO @ 1.1380 ⏳ SSO @ 1.1366 ⏳ TP1 @ 1.1340 (shaving 25%) TP2 @ 1.1315 (shaving 25%) TP3 @ 1.1300 (shaving 25%) TP4 @ 1.1275 (closing ALL Sell Orders) SUPPORT @ 1.1266 IBR @ 1.1250
Forex Euro Swiss Franc is heading towards top of the range on hourly time frame