Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8813, which is a pullback resistance that closes to 61.8% Fibo retracement
Our take profit will be at 0.8691, a support level.
The stop loss will be placed at 0.8895, a swing-high resistance level.
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Trading Forex/CFDs on margin carries...
USDCHF Crosses the Trendline and creates a new bottom at the 38% Fibonacci line
So now the uptrend has been broken.
We can consider entering an order
#1 Sell: 0.87816 fibo zone 23.6%
Stop loss: 0.88676
Take profit: 0.85769 at fibo 61.8%
#2 Sell: 0.88186
Stop loss: 0.88186
Take profit: 0.85781 at fibo 61.8%
#3 Sell: 0.88349
SL: 0.88688
TP: 0.85775
#4 Close 1/2...
After closing at high resistance area it could be possible for us to catch a few pips in this retracement- it is important to observe the weekly to avoid being caught on the wrong side of the market, to a successful week! Cheers!
Waiting for a break and retest of 0.87401 to short USDCHF back to 4H swing low at 0.83517
If you agree drop a like and if you have any questions leave a comment :)
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I am looking for shorts because of the weakness of the dollar, however I am mindful that there was a rejection and and a bullish close on the daily candle.
So there are two possibilities and the short entry may not set up.
In order for the short entry I would look for a rejection from the current area and a lower low close on the 4h to go back to the target...
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8852
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8809
Safe Stop Loss - 0.8875
About Used Indicators:
The...
The low was treated not as a POI but as an inducement. Now there has been a major inducement. I'll be looking for longs if the low is respected.
STDEV - Standard deviation
Hello Everyone,
The USDCHF pair is presently trading below the daily resistance level, and its reaction at this point will provide insights into potential future movements, with current indications favoring the bearish direction. In summary, observable developments suggest a clear downward trend with increasing momentum expected in the near...
The USDCHF price chart shows clear weakness with a distribution structure in the H4 time frame with control tilted towards the sellers.
Although the attempt to push the price down in the trading session on February 22, 2024 failed, it clearly demonstrated the strength of the sellers.
The price has successfully broken out of the lower boundary of the structure....
My dear followers,
I analysed this chart on USDCHF and concluded the following:
The market is trading on 0.8748 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8817
Safe Stop Loss - 0.8716
About Used Indicators:
A super-trend indicator is plotted on either above or...
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.
For Kev911, this is how I see USDCHF / DXY
So much bearish space but the pullback is the most important move for my strategy.
It should us whats going on and how to trade it
My full target has been hit.
The buy area is medium safe because even though most of my criteria has been met there was no major inducement. You can look for longs there but not blindly buy.
In case the DBR gets exceeded you can pretty safely sell at that are after retracing.
What do you think?
DBR = Drop Base Rally Demand Zone
Sellers are showing weaknes , sellers coudnt make new lows , buyers are dominating , so there is a chance for a short term buy tade in Europe Market opening time
