Price has moved over 100pips in our direction since my last publication on this pair (see link below for reference purposes) and I am looking forward to a further dip to complete correction of the Breakout that happened on the 24th Feb 2021 to join the rally in the coming week(s).
Following the Swiss National Bank (SNB) Chairman Thomas Jordan perspective that it...
DECEMBER 21 2020 was the last update.. check my ideas posted, i know many might have forgotten but i am here to remind you, we are still perfectly #stuckinprofit and i will be looking forward to our 2nd TARGET in the next 30-40 trading days..price currently trading below support and with over 700 pips in projection i bet you all want to jump on this.
This is my view on this pair for the next few days.
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to...
Welcome to our Trade Setups - April 22th ( USDCHF ) !
ENTRY LEVEL @ 0.91655
SL @ 0.91376
TP @ 0.92213
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Have a great week everyone!
As you see in USDCHF 1h bearish chart . it is dealing with a downtrend line and also a very strong weekly pivot.
if it could finally break the trend line it may reach to its strong resistance which is in 0.91880
Otherwise we`ll continue to have a bearish trend at least to the midline of the bearish channel which is about 0.91243
Overview - USD/CHF has been in a state of steady decline over the past two weeks.
However, it seems, a reversal might be on the way.
Analysis - From the chart, you can see that USD/CHF has bounced from the 100 day
EMA. A bullish candle has formed at that level. Today's daily candle will be important. If we have
another bullish candle today then USD/CHF will...
This analysis was previously drawn; but I wanted to take the time to show you that my prediction was actually right. I also wanted you to see that no previous lows have been violated which is also a great indication that price will continue in a bullish trend. Please view the chart for explanation of the mark up.