USDCHF posted a green weekly Heiken Ashi candle. This suggests to me that it may post another next week. A green daily Heiken Ashi candle was posted after a red candle on the daily time frame. This is the second signal I require to make an entry.
USDCHF bouncing from weekly resistance. I am very bullish on this one. So for now no more shorts for me and heading into long positions.
Let me know what you think!
Hey traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.955 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
the first impulsive wave is complete, then the ABC zigzag wave is complete too, so right now we expecte a long position for a 3 wave in the biggest cycle.
Welcome back! Here's an analysis of this pair!
**USDCHF - bullish trend on Daily and 4 hr, price above 50 MA, rejection right below 50% fib, wick rejection at support.
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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...
As you see USD/CHF is facing a strong support. moreover, it has reached to its 200-day EMA on daily chart. So my prediction is this is a good opportunity to go LONG! good luck!
In addition, the US economy is getting recovered so us dollar is going to be stronger!
