Looking at the technical analysis there is aWycoff Distribution that presented itself so I will be expecting a very big season of sellers in the pair
Strong 4H resistance in the 0.937 level, with a bearish strong candle at 1H, expecting the pair to retest the bearish candle before gaining momentum to the downside
OANDA:USDCHF I guess the trigger will be touched in 2 days .. Fake out setup
USDCHF (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Buyers has been dominating USDCHF for the past 6days now. And with the strong response by sellers on monday, we are hoping for an hourly break below 0.92990 to place a sell. Good Luck Trading.
Follow instructions as mentioned:- Entry :-0.93106 Take profit :- 0.92715 Stop loss :- 0.93337 R:R ratio :- 1.70 (Close partial profits @ 1:1RR ratio) Happy profit Traders! If you liked the idea. Then do encourage me with like and comment
This pair has finally pulled back, albeit not exactly in the manner which I had thought to see unfold. Price has still performed in a way that I expected based on structure and the weekly cycle so I'm waiting to see further confirmation (possibly going into tomorrow London session) of an executable entry according to my trading plan. Patience is the key to...
Enter a long position on the last down close candle, target the liquidity at around 0.93750.
broke out of the trend and them retested, expecting a sell
Time Frame: 4H Symbol: USDCHF Entry: 0.93436 TP: 0.95110 SL: 0.92337 Bias: Long The current price projection for this instrument is bullish as we see the inherent power of US dollar is still ruling other currencies due to some fundamental reasons.
With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry of 0.93712 to our Take Profit at 0.92817 in line with pullback support. Our stop loss will be at the swing high of 0.94318 area in line with the 127.2% Fibonacci extension . Any opinions, news, research, analyses, prices, other information, or...
Well, I am expecting a steady breakout this week on USD/CHF, the pair have always been one of my favorite pair. Waiting for the break out/down before going Long/Short on a Long term. I will keep you all posted on how I choose to follow this pair after he's taken the turn.
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USD/CHF is presenting a selling opportunity for this week
I have a bearish view on this pair, as I noticed, in the long run, it is making continuos LL & LH which gave me the confidence to find supply zones. Then the price got into that zone and in the shorter time frame, I found an order block from where the imbalance was created. So hope this trade goes well.
We are at a minor support which I think we are going to break through, it will obviously be better to buy after the breakout but my indicators are showing an immediate buy. Use risk management wisely.