✅USD_CHF is approaching a supply level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
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USD/JPY/CHF – The safe-haven currencies bounced on Monday, supported by a series of disappointing Chinese data releases, bolstering concerns surrounding the global economic outlook.
Summarising the data releases from China, Reuters succinctly noted that “Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in...
USD-CHF is retesting a horizontal resistance
And despite the setup looking risky
I think that a local pullback
Is likely with the target being
The local level below
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In the third week of August, the euro fell to approximately $1.02, as rising fears about an economic slowdown, particularly in Europe and China, and hawkish views by certain Fed members drove the dollar higher. The euro has been trading at parity since early July, as there are growing signals that the Eurozone economy is entering a recession at a time when...
USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
On the H4, with prices moving below the ichimoku cloud hence we have a bearish bias that the price will continue with the bearish momentum. Price is now testing at the 78.6% Fibonacci projection as well as the previous swing low where our sell entry sits 0.9472. If bearish momentum continues, it should hit our take profit at 0.937 which also coincides with the...
⁉️This is my analysis on USDCHF .
Here we are in a bearish market structure, so I am looking only for shorts. I have 2 points of interest, first one if price fills the imbalance and rejects from institutional big figure 0.95000, the second one if price goes to fill the imbalance above and rejects from bearish orderblock.
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As you see in the 4H time frame, after a significant drop, price entered to a consolidation area in the form of a rectangle pattern.
Currently, the rectangle pattern has been broken to the upside and a strong 4H bullish candle has been closed above it.
The current candle has broken the previous candle’s high and that’s where I entered a buy position. I expect a...
i like trying a USDCHF higher trade here.
Nice hammer on the daily chart.
I think that USDCHF is mostly a USD story along with CHF being relatively resilient due to the SNB having their surprise hike this year so somewhat creditable. i think USD weakness has reached its peak now on last weeks US CPI data point as we saw massive USD selling on this.
USDCHF / 1W
Hello traders, welcome back to another market breakdown.
USDCHF is trading in a bullish trend on the weekly, the price is approaching the breakout point whre bulls are expected to show up and bears to get out at BE.
I'll be keeping an eye on this pair for a long term swing setup.
The price is showing support after a dumping, don't forget it's strongest trendline. Be careful when entering a short trade because there is a high probability of pump from this point.
Here is an analysis of how to entry good accurate short trade.