Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCHF
I still did my best and this is the most likely count for me at the moment.
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The USDCHF currency pair has recently reached a significant resistance level on the higher time frame, which warrants our attention. In our video, we extensively discuss critical aspects of TA including the prevailing trend, the overall market structure, price action patterns, and the identification of key support and resistance levels. Furthermore, we explore a...
UsdChf is in a bearish trend for quite some time and recently broke under very important 0.88 zone support.
After reaching a low at 0.8550. Here the pair found support and formed a small double bottom which could lead to further gains.
In conclusion, in the short term, a rise to test the broken support, now resistance is not out of the question and short-term...
Hi traders!
The current market conditions suggest a potential reversal in the USD/CHF exchange rate, pointing towards a local downward trend. we are adopting a cautious approach and anticipating a temporary retracement in price before initiating any trades. This strategic decision is in line with our analysis of a channel up pattern, which signals a favorable...
Pivot: 0.9300
OUR PREFERENCE:
Long Position above 0.9300 with targets at 0.9800 and 0.9900 in extension
ALTERNATE SCENARIO:
Below 0.9300 look for a further downside with 0.9200 and 0.9100 as targets
Comments: target was determined by fibonacci retracement (Golden level). if you have any misunderstanding or want an explanation or suggestion you can private...
Pivot: 1.0080
Our Preference:
Short Positions below 1.0080 with target at 0.9930 and 0.9790 in extension.
Alternate Scenario:
Above 1.0080 look for upside with 1.0150 as targets
Comment:
As long as the resistance zone at 1.0080 is not broken , the risk of the break below 0.9930 remains high.
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So I've just entered some USDCHF shorts with first minor target at 0.92400 where ill take a small percentage profit and hold the rest a break even, for there hopefully price can continue with the bearish momentum as I expect to see a slow down on the USD strength soon.
Symbol: USDCHF
Bias: Long
Time Frame: 4 H.
Signal Logic: The price action reveals a pretty strong pattern for an up turn. Though it may not be within a day or two. It can take a few days to reach the expected Take Profit Level. A partial close option may be a good strategy to capitalize form this lacuna. Let's see....
💹USD/CHF ⏬BUY/BUY LIMIT @ 0.91740
✅TP-1# 0.92000
⛔️SL 0.91491
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data, quotes, charts and buy/sell signals
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