USDCHF is forming an inverse head and shoulders around weekly support. we also have a trendline and divergence adding more confluence to our setup. our trigger would be after a momentum candle close above the gray area, and the stop loss would be just below the right shoulder. we always target double our stop loss size.
Here is the pair which should be added to a watchlist. During the next week, we will be able to get trade opportunities in both directions. In the previous post, I wrote about a possible short term downward movement and how to catch it. The main goal for sellers will be the strong support zone in the daily chart. The price reversal from 0.90100 support zone will...
Although the price from my point of view is moving within a range on the higher time frames, we can still look to trade opportunities on the smaller timeframes. If price breaks and holds above the structure marked, I will be looking for a buy position into the previous daily highs as illustrated. COT Data - 76% Long
USDCHF is in a sideways channel looking to fall to support and bounce to the top for a possible breakout.
Hello traders. Price has reversed from touching the trendline. And now appears to be in correction phase. Looking for price to break above resistance. If price breaks support looking for a retest of the trendline or breakout of trendline. Goodluck traders. Trade with wisdom.
What do you think about such a short trade? The daily chart gave us bullish signals, but the price can retest the support zone. If so, the 1H timeframe will be able to give us a short trade. If the price breaks the local uptrend line, it will be possible to open short trades with stop orders above the local swing high and the profit target at the support zone....
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It is clear that it needs to move to the upside in case of weak resistance, it will rise with the same technical analysis chart. *** 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...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It is clear that he needs to head towards the downside, in case he does not break the support, he will rise and break the symmetrical triangle with the same technical analysis chart. *** Here is the full analysis for this pair, let me know in the comment section below...
Hi Traders, The higher timeframes indicate we are in a short term downtrend. Price found resistance at 0.91071(Green). If price breaks and close below 0.90955(Red), we can enter in a short position for a possible target at 0.90749(Orange) with a stoploss maintained above 50SMA. Price can find support at 0.90849(Yellow) levels, so caution is advised. For queries...
View On USD/CHF (19 AUG 2020) We have FED meeting minute to realease tonight and USD pairs are in play. USDCHF has been in the down trend for months and will it take the info release as a chance to some rebound? Let's find out and if it does it can go back up to 0.91 (or) even 0,92 regions. DYODD, Our trade analysis may not suitable to intraday (or) short...
Price broke out of a triangle pattern. Looking for an entry for another sell opportunity. Might also be possible that price keeps dropping without any correction.