Note: Idea is to complement your research. Follow this with previous USDCHF-Daily Idea Check comments section for future updates on idea. Like this idea? Like, Share, Follow, (...) Thank you and Happy Trading.
Hi All, Last week I traded this pair with succes and was waiting on a new opportunity to go short again. The Down trend is still intact and Price got reject several times at a historic S/R level @0.96850. My momentum indicator shows a bearish pattern once again so I'm confident Price will start dropping very soon. Be patient and ride the waves... StopLoss is...
Good trade set up position right after the support, which is now set up with new resistance and new support. All three take profits have been set now its just time to sit back and watch.
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015. Trade with patience. I will keep you posted!
USDCHF bounced off 0.99074 where it could potentially rise further to 0.99830. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This is in the connection for my USDCAD Post. This chart shows an ascending triangle formation however, we need to remember that that down trend wave is still in the shawdows. Combining both theories, we can say that the price might break to its resistance then return back to lower positions. The market might be looking for positive news at the moment. If you...
See chart for illustration This is a follow up on speculation published earlier (see link below)
USDCHF is expected to drop to 1st support at 0.98185 where it could potentially react off and up to 1st resistance at 0.98876. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and...
The downside has started. I've waiting for this one a while, as the where it stands right now the pattern could be complete and the fall will be HUGE. However, there is still a possibility for one more up. Nonetheless, I will ignore ALL buys, and focus only in sells until structure changes. So far, only sells.
As market fast approaches this resistance level,if market decides to take a tumble down again, then we will find support at the 2 TP levels identified on the chart, which isn't necessary where the market will end but where i will TP for now. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Stuck at 0.99, and a triangle were made. Just have to wait the pattern broke. Then we follow which ever the pair goes. But it is more likely to reach 1.00 IMO.
A rejection of the up trending trend line with a printed bullish engulfing confirmed for me that momentum would continue up to the 0.96800 area. Hitting target perfectly before now a possible new higher low being created.
Potential Bearish Gartley Pattern formation @.97510
3 Drives Pattern. ADX shows positive momentum. We see 0.98000 very soon .. Let's Watch !! #TradeWithTraidadd
Buying once we break the yellow trendline and close above the green minor resistance in 4 hour time frame.