We took this trade yesterday with the team, we already have a gorgeous entry but we are looking for potential re-entry points. I have illustrated where I would like to take a trade, once we tackle the equal high liquidity and bounce from the demand zone. Do you like this idea?
#USDCHF Here Is Market Stuck in De-Sending Triangle and Bullish Channel So The Probably it Will Break The Area of Support and Again Going To Touch The Channel Support Then It Will BUY For Long Period Of Time
The wick caused sellers to take a hit, now we must make the buyers suffer. Price will consolidate in this region to confuse the market before crashing to the support to liquidate buyers. You could scale in sells if you feel comfortable. Do you like this setup?
Price needs to collapses even further on this pair to mitigate some of the bullish damage it created whilst gathering more liquidity. We have now broken away from the support as expected, the next target region is the equal low points. When this area is purged we can consider buys but until then this is a sellers domain. Let me know what you think in the comments?
USDCHF (SHORT)- If all the Resistance holds in place. If we see the resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Price is playing around a key structural area but is failing to push higher! Could this mean that price wants to push lower to take out the equal lows? I believe price will play around this area and lure some buyers in before it collapses to the lower regions marked. Once this has been completed we can look to buy! Let me know your thoughts in the comments below.
HELLO TRADER i think this area and trend line good for short usdchf .....
United States Dollar (USD) / Swiss Franc (CHF) 15minute time frame short position 50 - 200 EMA indicator PREPARING FOR SHORT POSITION If you like my analysis give it a thumbs up. If you have any question please feel free to leave a comment below or send me a direct message. THE CRYPTO PLANET
Waiting for USDCHF to pull back to the break out area of 0.91600 area of resistance, then a clear bearish move to the down side taking final profit around 0.90100. Price is in a Bearish Symmetrical Triangle.
After consolidating for some time, price has finally made a push to the downside. We have bearish bias on all of the higher time frames. We can expect a move to the marked area.
USD/CHF Signal Market Sell: 0.91800 Stop-Loss: 0.92460 Target 1: 0.91100 Target 2: 0.89800 Stop-Loss: 64 pips Risk: 0,5% Risk-Reward: 3
Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! USD/CHF: Daytrade-Preparation Market-Sell: 0.91580 Stop-Loss: 0.91720 Point of Risk-Reduction: 0.91355 Take-Profit: 0.91000 Stop-Loss: 14 pips Risk: 0,5% -1% Risk-Reward: 4,0 LEAVE A LIKE AND...
This is the last update of current harmonic patterns on Daily USD/CHF charts. As we can see, two patterns are identifiable on the chart: 1. Ascending Wedge: Possible Bearish pattern 2. Symmetrical Triangle : Possible Bearish pattern RSI is below 50 which confirms possible breakout and downtrend. ...
Looking at Risk-ON appetite and seeing further weakness in the Forex dollar.
Entered this trade this morning. Currently 27+ pips in profit. We expect to see further CHF strength pushing price down to 0.9000.
This pair has been in a bullish domain for a long period of time, now that we have wiped both significant highs, price should be due a retrace. I would like to take out at least the break and re-test buyers or even the equal low buyers.
As we can see, the price is still in the trading range and until it leaves the Sideway range we can not expect a good trend from it ... If the price react to the trading range, we will be look for BLSH (Buy Low, Sell High)