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- Structure: Uptrend
- Tendency: Upward
- Test support, Closed above
TARGET: 70.5 PIPS
TP1: 1.0017 TP2: 0.99914
It is good to buy on dips around 1.0050 with SL around 1.0020 for the TP of 1.0125
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation or daily consolidation (red border boxes) to take the trade. I ...
SELL STOP USDCHF
Stop loss: 1.0135
Take profit 1: 0.9980
Take profit 2: 0.9920
Stop loss at break even when price reach: 1.0000
USDCHF is approaching our first resistance at 1.0082 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.0019 (100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching ...
Waiting for a break
It looks to me like USDCHF find a solid support and it is keen to continue upwards.
Wish me luck.
USDCHF 1hr short 3rd retest of 1hr OB should break it
USDCHF price is struggling with the key support 1.0055. For now bullish trend still valid unless price breaking 1.0020. Next 11 bars on 4 hours bars are important.
This is USDCHF on sell Mode.
USDCHF is correcting an uptrend on the day chart (see picture below).
On the 1H chart we see a broken uptrend (yellow) and the ongoing downtrend (pink).
Before the correction of the day trend ends, we want to short USDCHF at the red dashed line.
Trading the downtrend with SL at the last lower high.
The USD/CHF pair traded in both directions on Wednesday and closed the session with almost zero result. Investors were focused on the publication of the October statistics on consumer inflation in US, and also awaited the speech of Fed Chairman Jerome Powell, who reaffirmed the gradual tightening of monetary policy.
European investors tracked the ...
USDCHF - is making a bearish daily inside bar false break and reverse.
Current price action showing usdchf looking to closely climb back up to test the top.
Look for sell at the top.
Here is a short Term play on USDCHF...
Went long @ 1.00545
Looking to TP @ or ~ 1.0094
Got the SL visible on the chart. I day trade these kinds of trades though, so I actively manage them.
I built the Long parameters to match this flip account. Follow along.
Get greedy, get rekt!
Detials On The Chart