Please see chart for analysis - any questions please ask
The counter is currently in a triangle pattern, which shows uncertainty in the near-term. With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement. Hence, we expect the pair to move to the upper end of the triangle for now.
Simple Analysis for USDCHF : Overall trend is bearish, we have more downside targets to hit however, if current price holds we could see a new pullback to above SUPPORT & RESISTANCE Area then we'll look for SELL. Otherwise, if price action gives enough confirmation we may look for SELL from here. Follow me for more Analysis, i have nothing to sell to you but...
Once price breaks support then buy to the green area Price is ranging on the daily so I imagine it will stay bouncing around for a while before going back up USDCHF - BUY SL - 0.94804 TP - 0.95958
USDCHF is currently showing potential for further bearish momentum. i will be looking for price to find support around where it is currently trading to then move bullish to create an opportunity for entry. Entry , stoploss and take profit levels have been marked. Do no risk more than 2%
SELL @CURRENT MARKET PRICE STOP LOSS @0.97273 TAKE PROFIT @0.94418 TRAIL @0.96864
We have witnessed some downside movement on this pair and just printed a reversal candle at a major level and hence we anticipating a trend reversal. I'm expecting CHF to weaken over the comning weeks and that should also help the cause. I have gone long on this and marked the tp and sl for you as well. Let me know your thoughts. Trade safe and good luck.
Time = 4H – Structure = Downtrend – Pattern = Asymmetric Triangle – Tendency = Downtrend We're expecting some pullbacks for more confirmations. Only Sell if the Price breaks below the Sell Stop. GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all...
USDCHF expected to reverse up to 1st support at 0.96105 where it could potentially react and bounce to its resistance at 1st resistance at 0.96458. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
is it a cow? is it a mouse? is it a buy? or is it a sell?
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
USDCHF is approaching its resistance at 0.97430 where it is could reverse down to its support at 0.96638. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.