USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated.
Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
Since the breakout of the trendline on 2015-6-23, This pair has been bullish with decent corrections leading me to believe it has a lot more fuel left. TP and SL are on the chart. Please Feel free to share your opinions about this.
Good Luck!
On USDCHF we are not at any major level, but we see some previous resistance before. We stopped on a level wich is higher then the previous swing low. If we hold this level and on smaller timeframes (15M, 5M) we get some kind of reversal signal , we can place a long position to a 0.618 ( Goldel ) retracement.
Go short the USDCHF currency pair if it trades at .9191 or lower. If triggered, place your stop at .9339 and exit the position for a profit at .9067 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
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As Swiss franc is exposed to events in Europe (high correlation to EUR) plus negative interest rate that will likely increase, ie becoming more expensive to store funds in CHF, Swiss banks will likely become less and less of a safe haven as other currencies become more attractive or even perhaps Gold. Also, don't forget with new tax and bank secrecy laws,...
This is my trade hedging for the NZD/ USD trade, although this trade appears to be a bit stronger, being that the butterfly pattern completed in both negative deviations. So if this market respects the pattern , we should see a rally to the 1.618 extension of the BC leg.
Limit is the 1.618 extension of BC
Entry is the Point B of the butterfly pattern
Stop is at...
Here we see a cypher pattern on the Us Swiss charts.
This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line.
When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to...
Short opportunity on USDCHF with good Risk/Reward
Reasons for entry
- Overall downtrend
- Price has retraced to the 200/800EMA
- Price has hit trendline
- Bearish candlestick formation
Exit Strategy
- Stop 0.9465
- Profit 0.9306
- 3:1 Reward:Risk
There is a chance that this trade stops out and retraces higher, in which case we'll wait for the next short entry...
USDCHF on the monthly time frame so looking at the overall bias for this pair.
As you can see there is a bearish trend line that started in 2003 and price still seems to still be failing to break through, also ever since 2012 you can see price has failed to reach above 0.618 fib level.
March's candle broke both above the trend line and fib level but failed to...
TWO SCENARIOS. PRICE IS BACK DOWN AT SUPPORT WHERE IT HAS BEEN REJECTED A NUMBER OF TIMES. PRICE COULD BE CAPPED AND IT COULD POSSIBLY GET REJECTED AGAIN AT THIS LEVEL. ALSO ON THE DAILY PRICE HAS APPROACHED THE 200SMA WHICH COULD ACT AS A DYNAMIC SUPPORT. ON THE FLIP SIDE I WILL LOOK TO SELL IF PRICE BREAKS THIS MAJOR SUPPORT BARRIER WHICH IS ALSO THE SUPPORT OF...
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
nice flag pattern formed on usdchf. The longer it consolidates the bigger the breakout. usdchf has now recovered more than half of that massive drop we had couple weeks. my Prediction is we will get back up to the previous level where it was before because CHF is fundamentally weak.
