The bears were in control of the market pushing it down 2 levels to support and they failed to break through. We are now seeing them take profits at this zone. Now we might see consolidation with this pair until it breaks the trend line or we could see the bulls rally up and take control. It must reach resistance to continue this move down. I believe overall we...
As with the recent structures to USDCHF and the most recent news on the USD, we see this pair continuing in a downtrend.
Price just broke below a 4h low at 0.91300, so we could see some short-term pullback before continuations.
We're waiting patiently to see this set up.
Hey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for USDCHF for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
H1 time frame.
Structure: Break Key level and wait for confirm the uptrend.
Break old resistance 0.92000, this resistance became new support, wait for retest this support and confirm the uptrend.
Target is next resistance at 0.92700.
Wish you all have a good trading day!
- if you follow this setup, do not overleverage
- do not use more than 1% of your balance
simple and effective:
-no fast gains
-setup could take days/ weeks
-Entry at the 88.2 fib in combination with the S1-Q Pivot.
-Both together should provide good support here.
-I expect upside from from this area
We buy this pair because there is a strong support below. The entry and exit levels have been indicated on the chart. We know what we are doing and we do what the market is doing. this is more than an institutional analysis. We wish you more success. Invest wisely.
USDCHF - Intraday - We look to Buy at 0.9157 (stop at 0.9135)
Daily signals are mildly bullish.
20 1day EMA is at 0.9165.
Pivot support is at 0.9153.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 0.9217 and 0.9227
Resistance: 0:9180 / 0.9200 / 0.9220
Support: 0.9160 / 0.9150 / 0.9140