USDCHF is trending to the downside, and we anticipate the movement to continue to recent lows. The CHF unemployment rate data is to be released within the hour, showing the number of people unemployed domestically. Technically the pair has broken trendline support and rejected upside, and we are looking for downside into the 0.8940 level.
USD/CHF has broken above a bullish Falling Wedge chart pattern, confirming the breakout. This also followed positive RSI divergence , showing that downside momentum was fading.
This may open the door to resuming the dominant uptrend from the first quarter, in line with a fundamental view that the Fed may be less dovish than the SNB in the long...
FX:USDCHF
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Thoughts and Reasoning Behind Price Movement Are Listed Below
Technical analysis of the USDCHF pair
Larger Trend analysis on the larger timeframes suggests
there will be a continuation of the prevailing downtrend
The pair is lining up well with Elliot confirmation principles
Trader sentiment on all...
USDCHF after the false breakout move is back above the minor support at the 0.89600 area.
According to Plancton's strategy if the price will break above and the conditions will be satisfied we can set a nice long order.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
Trend: SHORT
Retail Sentiment: 44% Short
LP Sentiment: 45% Long
Moving into Thursday my sentiment still has not changed. with the USD - GDP being announced tomorrow I am expecting an aggressive push towards better prices. If you are looking to short the market in the morning that would be the best move, otherwise stay away from USD pairs
For all my followers I...
-Values-
Entry Range: 0.89896 - 0.88857
Average Entry: 0.89164 (RRR: 1.91)
Stop Loss: 0.87765
Profit Target: 0.91860
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back...
Nice Buy Opportunity With USDCHF ... Looking For price To test The Highs It Created Before Making A Move Down If Any.... SL Indicated On Chart (You Can Have Yours SL To Minimize Risk Just Incase) & As Usual Dotted Lines Indicate TP 1$2
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is inside DESCENDING CHANNEL and is close to its Resistance. One can SELL it.
Let us know your views on this in the comment section. Thank you all.
There is good news for our...
USDCHF - Intraday - We look to Sell a break of 0.8957 (stop at 0.8978)
Daily signals are bearish.
Pivot support is at 0.8960.
A break of bespoke support at 0.8960, and the move lower is already underway.
The bias is to break to the downside.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 0.8901 and...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.90000).
. 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...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.90000).
. 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...
Earlier this this month i drew this Pattern and have been waiting on the completion of it. The pattern is complete and the blue line represents the make or break point of the pattern. if a candle closes below the blue line the pattern is invalidated. i put a note stating I'm waiting on a complicated structure to form to justify the entry. we are now forming that...
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly'...
USDCHF is facing bearish pressure from 100% Fibonacci extension and 127.2% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 38.2% Fibonacci retracement and 50% Fibonacci extension . If prices push up towards, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement...
Technical Overview: - USD/CHF
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Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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