Prices retest a broken support level as resistance. Friday's candle also closed as a bearish engulfing and there is a sharp breakout of H4 CTL. We got a pullback to the nearest resistance level to tighten our stop loss and get a good RR. Now is the right time to short. Safe Trading!
USDCHF reversed off its resistance at 0.97754 where it could potentially drop further to 0.97126. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
See chart for illustration as lower time frame update will be posted soon
My BIAS for USD/CHF for the upcoming week is mainly SELL. My reasons behind this are -We can see previous Lower Lows & Lower Highs with lows breaking below our most previous Higher Low. -We will be looking now for price to break our previous LL for a 1:3 RR trade & then form new LL and LH then entering again with a 1:3 RR trade at our new LH. •I will not...
Follow ArrowPips :) USDCHF is going to possibly further down. The target is 0.9700
USDCHF reversed off its resistance at 0.98508 where it could potentially drop further to 0.98171. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF reversed off its resistance at 0.98180 where it could potentially drop further to 0.97170. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF reversed off its resistance at 0.98085 where it could potentially drop further to 0.97639. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF reversed off its resistance at 0.98046 where it could potentially drop further to 0.96916. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Sell Swiss Franc now. TPs at 0.94333 and 0.91
R/R = 3 if you have your market view, please share it in comments Also you can ask me questions... Have a great day everyone!
USDCHF reversed off its resistance at 0.98071 where it could potentially drop further to 0.96916. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF is expected to drop to 1st support at 0.98082 where it could potentially react off and up to 1st resistance at 0.97087. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF expected to rise up to 1st resistance at 0.98074 where it could potentially react off and drop down to 1st support at 0.97423. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF expected to rise up to 1st resistance at 0.98071 where it could potentially react off and drop down to 1st support at 0.96916. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Follow ArrowPips :) USDCHF re-enter to the downtrend by breaking down the major trend line. Keep watching for other sell confirmation.