If the first support level of 0.99500 won't be broken we could see a possible raise to 0.99950 If the support level will be broken we could see a fall to the second support level which is 0.99200 Wait for confirmation of the first support level! Goodluck trading and join my free telegram to stay updated of my analysis: t.me
USDCHF Timeframe: H4 Direction: Short Confluences for Trade: - Weakening momentum in rally - Price rejected 50 EMA - Price action at 38% Fibo Retracement - Price action at Resistance Trendline - Price action at Horizontal Resistance Trendline - Stochastic Overbought momentum (H4) Suggested Trade: Entry @ Area of Interest 0.9950 - 1.0000 SL: ...
TARGET: 46 PIPS TP1: 1.00026 TP2: 1.00194 SL:0.995
USDCHF broke out sharply last week, expecting the correction to continue a bit before fresh falls, momentum across the board is in line so looking for short setups here. Trade safe! Thanks for your support.
USDCHF now transitioning for a downtrend. we will go short after entry reasons are met
as previously analysed this has started to make the expected drop. should give us once more drop before the up trend continues SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
#USDCHF, USDCHF, $index long% decreased 3% while short% increased 3%. indication for weakness in $index. CHF bearish decline Non-Commercials opened both side positions i.e long & short. price in the zone of many resistances 1.0020-1.0080.
EXPECTING THIS IMMINENTLY LIKE, FOLLOW AND COMMENT
The breakout of the blue trendline, it will give a bearish signal with the first target a 0.97300 and the second one in the area 0.96000/0.96450. Stop loss at 1.00400/1.00450.
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.
price broke the consolidation to the down side, came to the retest and left a pinbar. I'm going short.