As i am looking price completed a corrective pattern and confirmed it. We can see also price divergences.
Thank you for your likes and support:)
Good Luck!
USDCHF reversed off its resistance at 0.99945 where it could potentially drop further to 0.99524.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF has been on the rise and following an ascending channel. It has reached to a strong resistance level and was unable to break it. It has since then formed pattern. Follow it very closely and if the price manages to break the triangle from the lower side(which is also the support line of the channel) you can open a very good short.
You can share your ideas...
This bat is having problems beating the 50% CD retracement, which is generally considered as a bad sign.
Lets see how it plays out.
Dont forget to like the post
May God bless
USDCHF Multiple TF analysis. Follow money management. And before going to live try demo few months. When you think its suit with you then invest on trading, note: Trading is a high risky business.
Follow and enjoy. Dont forget to Like and comments
short after the bearish signal like hanging man , pin bar engulfing candle...market is near strong resistance level ..wait for the price action to enter short trade...
we should find the best rate on Daily , H4 or H1 (time) to get sell on USDCHF. I suggest to open at least two position .that help you to manage the trade. Dont risk more than two percent (2%) of your balance. every analysis can be fail.
The USDCHF, also known as the “swissie” is the fifth most traded currency in the Forex market. It is considered to a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
