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Usdchfidea

USDCHF Analysis 25/3/22 1hr Update: Would like to showcase my best trade from this week, I know my charts are messy but I would just like to show my logic for taking this trade, it had everything I was looking for, I just had to decide where my profit target was. this grey box was around the level I started to get out of the trade. I looked at the 4h structure and you can see from the topping out formation we made bearish structure, perfect retests of the 0.79-88 fib. once price yesterday made a retrace to the 0.79 I started looking for a short, my entry was actually on the 15 min chart and it was actually a 6 pip SL. I was close to being stopped but it held structure and continued dropping, we got stuck at the 93 level for hours and I did consider scaling in at this level but I left it. I seen a nice profit target, the market structure on the 4h bearish and we caught a lovely 7R trade I did only use 0.5% risk but a 3.5% is a good way to end the week!
Short
by ryanc49
1
USDCHF Daily Short! Overview: USDCHF has reached levels that last experienced days of heavy testing dating back 25, Mar 21 through 05, Apr 21. Considering price has approached this zone three additional times, it is likely it will penetrate a little deeper prior to sell-off. 0.94791 - 0.94983 has Confluence of Resistance and could be monitored for reversal cues on smaller time-frame if price gets to this zone. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
2
USDCHF above 0.9250 onboard basedThe pair gained above 0.9250 onboard based on US dollar buying. The escalation of Russia and Ukraine has increased demand for safe-haven assets like the US dollar. The minor pullback in the US treasury also supported the pair at lower levels. Bullish scenario- The primary levels to Watch – 0.9300. Any convincing surge above confirms intraday bullishness. A jump to 0.9341/0.9380/0.9435/0.9500 is possible. Bearish scenario- Intraday support – 0.92450. Break below that level will take the pair to 0.9170/0.9090/0.9050. CCI (50) - Bullish
Long
by Goldsignal75