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
USDCHF is falling towards our sell entry level, it could break below the sell entry and drop to the take profit level.
Sell entry will be at 0.87101, the pullback support that aligns with 38.2% Fibonacci retracement.
Our take profit will be at 0.85521, which is an overlap support aligning closely with the 61.8% Fibonacci retracement.
The stop loss will be...
USDCHF is rising toward resistance and could potentially falling to support level that closes to the 127.2% Fibo extension
Alternatively, if price breaks above the pivot, it could continue to rise to next resistance level
Pivot: 0.8811
Support: 0.8731
Resistance: 0.8865
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and...
Pullback in established uptrend, no supply. Look for next day follow through if the up day retraces then it's unlikely to work out. Narrow range bars are ok.
It appears that the price is falling towards the rising trendline support, a level it has consistently rebounded from in previous instances, further bolstered by the alignment with the 78.6% Fibonacci projection and the 200-day moving average. Anticipating a potential bounce from this critical level, a reversal towards the resistance level, which is a pullback...
We can see that the price is approaching a strong buyer zone, now in order to sell we must wait for the price to give us confirmation candles in the zone, for me an envelope on H1 would be excellent. Blessings
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Podemos esperar retroceso a la base de compradores la cual hace confluen ia con un 50%...
Today a new entry opportunity was presented.
It looks like it should go where i want it to go - away from the external inducement.
What do you think?
2WT = 2 Way Trap
LQP = Liquidity Pool
Arrows = Inducement Points
DBR = Drop Base Rally Demand Zone
The analysis of the USDCHF chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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Hello,Friends!
We are now examining the USD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.880 level.
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Hi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see how the price some time ago tried to rise to the 0.8850 resistance level, but later it turned around and in a short time declined to the trend line, thereby breaking the 0.8780 support level, which coincided with the support zone. After this CHF started to rise, and soon...
USDCHF is rejecting the upside & looks like it'll go down from here. The better confirmation would be the break and retest of our blue box. Trend line broke and retest with rejection would be our ideal situation. But we will see what market will do from this point on.
USDCHF buy opportunity , Price rejection from a strong support area and new demand zone also established. so we can buy USDCHF now. You can enter the trade with 2% risk per trade. When trade is up with positive pips you can break even the trades. Good luck.
This is my Setup to go Long on USDCHF. Market has broken the structure to the upside, and taken inducement, we have to 2 areas of interest from where we can go Long on USDCHF.
