USDCHF bounced off 0.93662 where it could potentially rise further to 0.94068. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
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The counter is currently in a triangle pattern, which shows uncertainty in the near-term. With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement. Hence, we expect the pair to move to the upper end of the triangle for now.
after bear Flag pattern can sell for next level. ThankYou
Simple Analysis for USDCHF : Overall trend is bearish, we have more downside targets to hit however, if current price holds we could see a new pullback to above SUPPORT & RESISTANCE Area then we'll look for SELL. Otherwise, if price action gives enough confirmation we may look for SELL from here. Follow me for more Analysis, i have nothing to sell to you but...
Sell USD/CHF to the bottom support. Bears are still coming in strong, so hold your sells! Contact me for further technical analysis and further description!
USD/CHF in stuck in a tight range between 0.9530 and 0.9470. The best entry will be available when this range breaks. If USD/CHF breaks down below 0.9470 then we can sell and target 0.9370. However, if USD/CHF breaks 0.9530 and goes upwards, then buy entries may be possible.
Once price breaks support then buy to the green area Price is ranging on the daily so I imagine it will stay bouncing around for a while before going back up USDCHF - BUY SL - 0.94804 TP - 0.95958
Nice setup here, going for lows about 30 pips down, at least.