USDCHF sell on counter trend line break
Reversed at turncoat area, we have a broken trend line, either way for a retest of the trend line or buy with a large SL around the turncoat area.
Some correction occurs on USD/CHF. The price has pulled back into the reference area at 0.9744-0.9734. Remains bullish as long as the support at 0.9734 remains intact. As intraday trading strategy, you must get bullish signal confirmation within the reference area in order to go long with potential target at 0.9835-0.9884
as EMA cross and Strong Resistance at 0.9790 level Sell usdchf cmp 0.9758 sl 0.9810 TP 0.9660 alert if trader 30 pips green move sl at cost
We have a broken trendline here and currently the price is stuck in a wedge, expecting a break in the wedge to the downside. Sell only after a clear breakout. SL : 0.99536 TP : 0.97007
This is a text-book snapshot of an expanding triangle. The target is the trendline of the larger corrective structure.
Sunday analysis; USDCHF, as you can see there are many patterns and trendlines that cover the 1.0000 lvl. Only go short on breakout failure. So we need a close below.
- Broken trend line on 4hr time frame and daily - In daily we just crossed over the overbought area in RSI - MACD about to cross in daily and it already crossed in 4hrs - Ratio so good I don't know what to do with myself. - DXY also broke a trend line to the downside, so am expecting dollar to weaken
$USDCHF reversing from resistance zone. Possible target .9664
Chart says it all.
Convergence of the Delta Trend, and continuation of the downtrend seems strong. However, Bollinger Bands are outside the Keltner channel in a bullish manner. Waiting to take a short entry near the .95752 zone (indicated in chart).
At the same time we can open long position.If you dont want to wait D points:)
Stochastic (20,3,3) represent 1 month volatility shows oversold signal and price has been rebound from its 1 year support trendline. technical long for USDCHF for today until at least a month ahead
Looking to short USDCHF soon.