two very strong resistance zones on the daily chart, as you can see the market has been rejected over 10 times at these levels since 2013. This is a very high probability trade, with an amazing Reward/Risk of 4:1
USDCHF is on a downtrend and have just break a support becomes now a resistence, we can see a pullback or definitely a more fall directly to the next support.
USDCHF Sell Trade Idea: Looking To Open A Sell Trade On This Pair. Smart Move Is Waiting For A Pullback Then Go In Hard & Have An SL Of 0.991 or 0.993. Looking For A Strong Move Down In The Coming Days.
I see some bearish divergence on weekly chart for USD/CHF. Profit Targets: 0,99150 0,97800 Stop loss: 1.01350 Have a nice weekend, Berk
USD/CHF labeled in an Intermediate degree (B) (blue), within a Double Three pattern in its Minor WXY (purple) sub-waves. MInor W & X (purple) finalized and within Minor Y (purple), its Minute A & B (red) sub-waves have also completed. Expecting Minute C (red) to commence a bearish sell-off, with a sustained down-trend, in an aggressive and impulsive manner.
I will maintain the short for USD CHF Dividing my trade in 3 positions Open 1 position at :- .98996 Open 2nd position at :- .98990 (if rebound) Open 3nd position at :- .99287( if rebound continue) Exit at .98510 or put trailing stop and exit .98332 I guess it should do some Up and down and should fall further beyond .98332 more as per the arrows ....
USDCHF now transitioning for a downtrend. we will go short after entry reasons are met
I see a bearish divergence at macd line on 4h chart so correction is coming soon. Profit targets: 0.98800 0.98580 0.98150 0.97900 Stoploss: 0.99900 Have a nice day, Berk.
USDCHF LIBRA PATTERN INSIDE BAR Also Complete This is a good chance to SHORT USDCHF
A bearish engulf pattern reject the resistances. Also as you can see this is the fourth time that price was around 1.0037 resistance so with bearish engulf signal we can go short.
If chart don't break the Daily resistences, short for 200Pips+
PS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
am pretty happy with the outcome of my last analysis on this pair. please see below. i am expecting a reversal before the bulls come back in. please like, comment and share and follow :)
PLEASE FOLLOW, COMMENT AND LIKE am expecting a little push up and some retracement before we get another quick and explosive push up :)