Recognising the trend change on time, keeping it simple and emotionless. Not seeing a trend change as a loss, then as opportunity to trade in another direction. Only two simple indicators can make a difference...I see people with drawings, additional charts, analyses, and i dont think its necessary, your strategy needs to be simple.
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The USD/CHF currency pair has exhibited bullish tendencies on the higher time frame. Currently, we are witnessing a significant retracement as price has encountered resistance. In the accompanying video, we explore a potential trading opportunity, contingent upon the development of favorable price action. We identify key support and resistance levels, along with...
USD/CHF is falling towards a support level which is a pullback support which aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90607
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement
Stop loss: 0.90082
Why we like it:
There is an overlap support level
Take...
I want to see a break and close below the recent support to confirm price is set for a downturn considering the bearish chart pattern with potential targets. Watching closely.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it first declined to support level, which coincided with support area.
After this, CHF rose to $0.9090 level, but soon turned around and in a short time fell back to $0.9015 level.
Price some time traded near this...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Confluences for the sell bias
Monthly timeframe - Downtrend
Weekly timeframe - Downtrend
Daily timeframe - Uptrend
Daily and 4H bearish divergence
4H Bearish engulfing
RSI Overbought
Double top
Price below Moving average
Since we have 2/3 timeframe as downtrend we are looking for sells plus all the other confluences.
Kindly leave a boost and follow if you like...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.9089, which is an overlap support.
Our take profit will be at 0.9141, a multi-swing high resistance.
The stop loss will be placed at 0.9058, which is a pullback support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and...
The price would be possible have a retraction, since a divergency show up long time between the price movement and the RSI in 16 hours time frame.
The Slow Stock is in over bought level, the price is near the up trend channel top line area and previous top as pressure line.
The price is in fifth wave top area.
Try to short the retraction.
USD/CHF is currently at a resistance level, which is a pullback resistance, and could reverse from this level to our take profit.
Entry: 0.91497
Why we like it:
There is a pullback resistance level
Stop loss: 0.92091
Why we like it:
There is a resistance level at the 100% Fibonacci projection
Take profit: 0.90659
Why we like it:
There is a pullback support...
OANDA:AUDCHF is 100% Bullish! Inverse Head and shoulder formed 1H TF at a key level 0.58500 with multiple confluences on trend.
BUY and HOOOLLLD!!! till next 2-3 weeks till beyond 0.60640
#RISK_MANAGEMENT
Attention Traders,
In today's trading session, our focus is on USDCHF, where we're eyeing a potential buying opportunity around the 0.90800 zone. USDCHF maintains an upward trajectory, presently undergoing a correction phase as it approaches the pivotal support and resistance area at 0.90800.
Adding depth to our analysis, let's incorporate the fundamental...
As price broke above the area of interest around the 0.91082 level, we see a temporary price rally to the 0.92165 area, creating a potential reversal to the downside.(Check DXY idea- positive correlation.)
