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.
USD/CHF Long setup wyckoff method SL : 0.9352 Trade at your own risk
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...
Always remember to manage your risk. Note: DXY has rejected nicely from supply zone according to the our prediction, and it could be another confirmation for this trade.
My views on USDCHF is bullish. Resistance lines: 1) 0.93980 2) 0.94540 3) 0.95340
as you can see on the chart we buy only if we get 1 or 2 green candles confirmation so we can enter long
Entry Price 0.93415 Take Profit Price 0.94726
Looking at Usdchf,it moved from our POI after taking picking liquidity.Additionly moved forward to hit our target.Price now needs to do correction before creating a higher high to continue its trend.
setup analysis: weekly resistance - supply zone - 1h trendline broken - bearish divergence - fib 0.61 correction level of the last bearish wave