Pivot 0.8595 Our preference Long positions above 0.8595 with targets at 0.8650 & 0.8670 in extension to 0.8700. Alternative scenario Below 0.8595 look for further downside with 0.8575 & 0.8555 as targets. Comments: Likely to rise to resistance level 0.8700 USDCHF currency pair recently reversed up with the weekly Piercing Line from the key support level...
Preferred direction: BUY Comment: The dollar is still being considered for sale. There were low expectations that we would see a strengthening of the US currency before the publication of inflation data in the US. But nevertheless, the buy-priority remains in USD . USDCHF forms a clear accumulation, which is filled with market sales. And this means a...
So for a couple of months usd has been weak and yeah kinda consolidating with no direction Now I can see buyers have control of the market We could catch the continuation.
My dear friends, Please, find my technical outlook for USDCHF below: The price is coiling around a solid key level - 0.8609 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8510 Safe Stop Loss - 0.8671 About Used Indicators: The...
As we can see , market reached to a unique area which pushed the market up and now , I think market will go up again Don't forget , never ever risk more than 2% of you account per a trade
USDCHF Bearish Bat pattern Profit Targets: * Entry (0.886 FIB X to A): $0.85514 * Stop Loss (X): $0.85798 * 1TP (First Target Price): $0.845 * 2TP (Second Target Price): $0.8416 Risk Management: My strategy includes a structured plan for realizing profits at predetermined levels, which aids in managing risks and ensuring gains. Personal Opinion: This is my...
Reason: Reaction out of 4H Orderblock Liquidity grab Break of structure Imbalance » Retail sentiment is 90% Long on USDCHF. So we want to be at the opposite side of Retail
👆👆👆 #USDCHF UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDCHF. USDCHF is exactly on the way to our main target . Already 100Pips+ gain so far. Keep in touch we will update further soon. Always trade with Confidence.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8629, which is an overlap resistance that aligns with the 61.8% FIbo retracement. Our take profit will be at 0.8555, an overlap support level. The stop loss will be placed at 0.8737, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on...
The dollar traded subdued in early European trading on Monday, with the US holiday keeping trading volume down as traders considered the possibility of an early interest rate cut by the Federal Reserve. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.242, at the start of the...
Here I have USD/CHF on the 4 Hr Chart! Price has been making quite a effort working back up since its last encounter as a Double Bottom with the Low @ .83321. After stabilizing, I have come to believe we are looking at an Elliot Correction Wave! My idea requires price to break Confirmation @ .85764, then Price Action will initiate my Trade Action Plan. If...
Currently, USDCHF is in a downward trend, but when it breaks the red average indicated by the blue arrow and enters the green zone, we open a sell deal.
USDCHF long idea with high probability and low R/R ratio
Hello,Friends! Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.851. ✅LIKE AND COMMENT MY IDEAS✅
-Looking to trade the 2h structure short, but it will require some patience: -its reacting bullish on very old lows, but it may take longer untill it will reverse,so -shorts look better for now, from HTF pov -Ill have some patience to notice some displacements below the red box, where i set alarms to wait a retracement
We have seen the usd chf retrace to a lovely sell position we have reached the weekly resistance level here if we reject here there could be a really nice path down to the previous low.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8556, which is an overlap resistance. Our take profit will be at 0.8451, an overlap support level. The stop loss will be placed at 0.8636, another overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...