Hello traders and analysts,
Here is an update - see linked idea below.
we have a new opportunity for the USD CHF - we have a nice correctional move for some dollar strength after an impulse move - however;
the 50% fibonacci has been rejected - so now looking for a entry if price corrects up to 38.2% or the 50% again - in order to collect further...
On the monthly channel USDCHF broke a huge ascending channel and consequently the 0.95500 zone which has been an historical support in the past.
Price created a descending highs before falling till the next monthly support at 0.91 zone.
For the next weeks we can expect some nervous move in the market with some sharp retracement to the upside before a break to the...
Hello Traders, here's an analysis of this pair. Red is sell zone, blue is buy zone, and yellow is potential take profit target.
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
As we can see UsdChf has formed a double bottom structure (W structure).
I would wait for the price to project lower first.
Personally have a buy bias with buy limit order.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your...
A few days ago the price started to rise. And now I expect this growth to continue. The target is the resistance level.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
USDCHF H4 CHART
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Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart.
However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a...
Hope you all have a fantastic day !
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USD/CHF trend will change as pair has found a support and no will go higher to make a new highs.
Let us know what you think about this idea.
Trade safe !
. There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.