USDCHF FX:USDCHF
As you can see that, USDCHF has created a Double bottom in 4Hr Time frame and wait for retest entry. It is for monday (31-07-23) Plan your trade accordingly.....
Usdchf!
USDCHF 5RR Setup1) Downtrend
2) Price is Below EMA
3) Moving Down From their Strong Resistance
4) Fundamentally USDCHF Is looking Short
70% Technical 30% Fundamental
USDCHF Buy for Monday 11 July 2023USDCHF: Scalp Signal for 10-20 pips Profit
🌈✅ SL=9-20 pips only from my Zone
🌈✅ Dont take more than 3% risk on this trade
🌈✅ Delete pending order in News time
Disclaimer: These Trade ideas for educational purpose only, You can research too.
USDCHF Long IdeaUSDCHF is possibly a long trade; the reasons
1. It is near the support area and checks the previous bounce happening in the same area
2. Also made double bottom near the support area for double confirmation.
3. Low-risk and high-reward
Other Info in the chart.
USDCHFWe saw USDCHF Short Because, USDCHF Follow Bearish trend and Ascending Channel Breakout or Retest Complete.
USDCHF stays bearish as SNB week beginsUSDCHF eyes another visit to the yearly low, after a two-week downtrend, as it braces for the Swiss National Bank (SNB) Interest Rate Decision, expected 1.75% versus 1.50% prior. In doing so, the Swiss Franc (CHF) pair fades Friday’s bounce off the lowest levels in five weeks by retreating from the 61.8% Fibonacci retracement of its May 04-31 upside. Given the below 50.0 levels of the RSI (14) line, it is likely to witness a bumpy road towards the south, suggesting a bounce off the 78.6% Fibonacci retracement level of 0.8890. In a case where the quote fails to recover from 0.8890, the yearly low of around 0.8820 marked in the last month will be in the spotlight. It’s worth noting that the pair’s weakness past 0.8820 highlights the yearly 2021 bottom surrounding 0.8757 as the last defense of the buyers.
On the contrary, USDCHF recovery may initially aim for the 50% Fibonacci retracement level of 0.8980. Following that, a convergence of the 200-SMA and a one-week-old descending resistance line of around 0.9000 will be in focus. Should the quote manage to remain firmer past 0.9000, the bulls can aim for 0.9030 ahead of confronting multiple hurdles around 0.9110. It’s worth noting that the previous monthly high of around 0.9150 is the last stand for the bears, a break of which could allow the buyers to aim for the yearly high of 0.9440 marked in February.
USDCHF IS ShOWING DISTRIBUTION PHASE AT H4 TIME FRAMEUSDCHF is a downtrend in the weekly time frame and in the h4 time frame weekly pullback gets over and the price is forming distribution to trap the weak-handed traders in this distribution stage 90% of traders are losing price may go short because of the price at the weekly resistant zone and price which is formed distribution zone. it is education purpose only trade safe.
USDCHF15This can be a good entry in the 15th min chart. Take entry only after multi confirmation.This can be a good entry for a short time. Always keep in mind your risk reward.
USDCHF teases bears on Swiss GDP day, rising wedge in focusUSDCHF fades upside momentum, after witnessing a three-week uptrend. With this, the Swiss currency pair portrays a rising wedge bearish chart formation on the four-hour chart. That said, RSI (14) line appears steady near the 50.0 level, suggesting no harm to the latest consolidation in prices. However, the bearish MACD signals suggest that the bears are gradually sneaking in. As a result, the pair bears may seek entry on breaking the stated rising wedge’s bottom line, close to the 0.9000 round figure. Following that, the 200-SMA of around 0.8950 and the yearly bottom of 0.8820 may act as extra filters towards the south before directing the pair to the theoretical target of the rising wedge around 0.8750.
On the flip side, USDCHF recovery needs validation from the 61.8% Fibonacci retracement of its late March to early May downturn, close to 0.9070. However, the April 10 peak of 0.9120 may limit the short-term upside of the quote afterward. Should the bulls cross the 0.9120 hurdle, the bearish chart formation gets off the table and can allow the buyers to challenge March’s high of near 0.9440, which is also the yearly high.
Overall, USDCHF is likely to witness further downside but the bears need to conquer the 0.9000 mark to tighten the grips.
USDCHFprice checking into a ressitance zone lets wait and see how the market reacts to the zone and cntinu our ideas
USDCHFlooks like a good sell idea in 4h time frame already broken the support level and gave a pull back let monday the market opens and will see how it plays if it shows entry signs will go throug the trade
USDCHF possibility long USDCHF possibility long 1:2 RISK & REWARD SO YOU CAN GO WITH THE TRADE WITH STROP LOSSES.
USDCHF long (corrective bounce)Bouncing from a support zone, can try a long here with SL below 0.8855.
USDCHFFX:USDCHF
As you can see that usdchf has created a double top in 15 min timeframe if it breaks drawn neckline and takes retest the level then we can plan for sell side. plan your trade accordingly...
USDCHF BuyFX:USDCHF
usdchf has created a flag and pole pattern if it breaks upper side then we can plan for buying side and i am bullish in this.... plan your trade accordingly
Elliotical Triangle for 4th wave in CHFHello Traders!
1. We have a possible triangle formation in USDCHF.
2. Targets and stops have been marked on the chart.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
USDCHF BuyFX:USDCHF
USDCHF has formed Double bottom and when the neck line is breaks we can go for a long position.
USDCHFA falling wedge breakout or retest occurs when the price of an asset breaks out of a descending wedge pattern, or retests the bottom of the wedge after it has already broken out. This type of pattern indicates that the bearish trend is weakening and that a reversal may be imminent. In this case, a long position in USDCHF would be taken to capitalize on the potential reversal.
