Price has broken above the descending trendline showing a bullish signal. Potential buying entry at the current level 0.92331 to ride the price action to take profit level at 0.92753 in line with the previous horizontal swing high as well as the 127.2% Fibonacci projection . Stop-loss level at 0.92063 in line with the 78.6% Fibonacci extension . Our bullish bias...
USDCHF - Intraday - We look to Sell a break of 0.9212 (stop at 0.9231)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A break of yesterdays low would confirm bearish
momentum....
Usdchf , the price will try touch support line after made a retest for touching border of the channel, so if the price can’t change the scenario and drop to channel, will get the targets .
——-
Tendency: downward
Entry: 0.9070
Tp.: 0.9038 & 0.9000
Sl.: 0.9110
". There is a possibility of temporary retracement to the suggested support line (0.9048).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI...
. There is a possibility of temporary retracement to the suggested support line (0.9048).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI...
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice...
USDCHF - Intraday - We look to Sell at 0.9196 (stop at 0.9211)
Rallies continue to attract sellers.
Daily signals are mildly bearish.
Pivot resistance is at 0.9200.
We look for a temporary move higher.
The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 0.9152 and 0.9142
Resistance: 0.9170 / 0.9180 /...
USDCHF - Intraday - We look to Sell a break of 0.9078 (stop at 0.9098)
There is no clear indication that the downward move is coming to an end.
A break of bespoke support at 0.9080, and the move lower is already underway.
We look for losses to be extended today.
Short term momentum is bearish.
Our profit targets will be 0.9022 and 0.9011
Resistance:...
USDCHF - Intraday - We look to Sell a break of 0.9049 (stop at 0.9071)
There is no clear indication that the downward move is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our outlook is bearish.
Our profit targets will be 0.8984 and 0.8964
Resistance: 0.9080 / 0.9100 / 0.9120
Support:...
USDCHF after the double top over the resistance level at the 0.92600 area started a retracement move inside a descending channel.
The market is now testing the lower trendline and we can expect some retracement move.
According to Pkancton's strategy if the price will retest the resistance and provide us a sign of inversion we will set a nice short...
USDCHF holding below a descending trendline resistance and is currently at the horizontal overlap resistance which coincides with the 23.6% Fibonacci retracement. We can expect the price to reverse off this level and take support at 0.91196 which is in line with the horizontal swing low support and 0.786% Fibonacci extension level. Our bearish bias is further...
USD/CHF 4H Linear scale :
First, we can see a finished cypher down confirming our AB=CD pattern (at the C rn).
I used the BC line which is also the final cypher leg to draw a Fibonacci retracement giving us levels for our trade.
I used the 0% level as a target without being too hungry. We can still adjust the stop loss tho.
We are currently bearish because of our...
USDCHF - Intraday - We look to Sell at 0.9229 (stop at 0.9251)
Rallies continue to attract sellers.
Preferred trade is to sell into rallies.
Pivot resistance is at 0.9239.
Bearish divergence is expected to cap gains.
Our profit targets will be 0.9172 and 0.9162
Resistance: 0.9220 / 0.9240 / 0.9260
Support: 0.9200 / 0.9180 / 0.9160
USDCHF - Intraday - We look to Sell at 0.9228 (stop at 0.9249)
Rallies continue to attract sellers.
The previous swing high is located at 0.9233.
Pivot resistance is at 0.9239.
We look for a temporary move higher.
Our profit targets will be 0.9171 and 0.9161
Resistance: 0.9200 / 0.9220 / 0.9240
Support: 0.9180 / 0.9160 / 0.9140
Price is likely to bounce up from strong horizontal overlap support which is in line with the 61.8% Fibonacci retracement and 127.2% Fibonacci extension level. Prices are expected to rise up to the take profit at the horizontal overlap resistance in line with the 61.78% Fibonacci extension level. Our bullish view is further supported by how the stochastic is shown...
Price is facing bearish pressure and is likely to resist off horizontal overlap resistance which is in line with 61.8% Fibonacci extension. Price will then take support at 0.91631 which coincides with 88.7% Fibonacci retracement, 127.2 Fibonacci extensions as well as horizontal swing low support. Alternatively, the price could break the overlap resistance rise to...
Price is likely to bounce off support at the 0.92006 level which coincides with the 38.2% Fibonacci extension, 23.6% Fibonacci retracement and potential graphical overlap support. Price is then likely to rise up to first resistance at 0.91716 which coincides with a graphical swing high as well as the 161.8% Fibonacci extension level. Alternatively, we could see a...
