Usdchf!
Two buy opportunities on this chart for USDCHFMid-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9120).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9251
TP2= @ 0.9360
TP3= @ 0.9465
TP4= @ 0.9550
TP5= @ 0.9900
SL= Break below S3
----------------------------------------------------------------------------------------------------------------
Short-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9186).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.9253
TP2= @ 0.9320
TP3= @ 0.9374
TP4= @ 0.9432
TP5= @ 0.9529
SL= Break below S3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Learn To Trade the Triangle Exceptinal Risk:Reward Trade USDCHF
We have a 5 Wave upward Impulse complete; then we have the 3 Wave Correction forming where Wave A is a Flat structure complete and verified; Wave B is a Contracting Triangle complete and verified; after completion of the Triangle there is a massive move in the direction opposite to the Wave E also Wave C is in the direction of Wave A hence Wave C is expected to be a downward Zigzag hence two impulses; therefore justifies the Risk:Reward of 1:19 Enjoy the Trade;
USDCHF COMPLETE ANALYSIS AS PER THE WAVE THEORY
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming;
This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree;
So here We have explained Wave As subdividions Wave A is a 5 Wave upward Impulse Wave B is a Triangle and Wave C is a Ending Diagonal;
Here we have Wave B forming now in the downward direction; Wave A is a Leading diagonal Wave B is a Zigzag and now Wave C is forming
So here the WAVE B ends and now we wil encash the WAVE C which will be an Upward Wave;
Here Wave 3 is a Zigzag (Zigzag is also an Impulse) hence
In Wave B we have a Wave A which is a downward Leading Diagonal; Wave B is a upward Zigzag; We see Wave B has retraced Wave A by 93.93%, hence as per the rule of Flat Wave C has to be a downward Impulse;
So then Wave B retraces Wave A 38.2% hence from here starts the WAVE C which will be an Upward Impulse
We have 2 Trades here One is a SHort Trade and then where we have the Target of the SHort trade we have a Buy Trade from there;
Long Trade
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.904). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 0.9095
TP2= @ 0.9182
TP3= @ 0.9240
TP4= @ 0.9360
TP5= @ 0.9543
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 0.9140
TP2= @ 0.9160
TP3= @ 0.9195
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.906). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 0.9147
TP2= @ 0.9185
TP3= @ 0.9240
TP4= @ 0.9310
TP5= @ 0.9375
SL= Break below S3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 0.9260
TP2= @ 0.9362
TP3= @ 0.6937
TP4= @ 0.9455
TP5= @ 0.9585
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9156). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9210
TP3= @ 0.9235
TP4= @ 0.9285
TP5= @ 0.9320
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9405). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9450
TP2= @ 0.9470
TP3= @ 0.9502
TP4= @ 0.9525
TP5= @ 0.9553
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.949). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 61.
Take Profits:
TP1= @ 0.9535
TP2= @ 0.9550
TP3= @ 0.9585
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9475). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.9525
TP2= @ 0.9555
TP3= @ 0.9580
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDCHF multi time frame analysisHello Trader, Here is the full analysis of USDCHF:
1) Monthly - No significant price action found.
2) Daily - Forming big red candles which shows weakness in the prices.
2) 4Hourly - Currently testing the buy zone/support level and is in between 0 and 0.23 fib level(which is not an important level) .
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
marubozu candles are formed on the daily chart which shows a weakness in the prices. If the support is broken with a marubozu candle then we can see a downfall below support. Wait for these levels to look for entry opportunity .
Technical Indicators:
Moving Averages - Strong Sell
Technical Indicators - Strong Sell
Moving Averages Crossovers - Strong Sell
COT data(Commitment of traders):
JUNE 06/02/2020
USD - Long(17877) Short(9619)
CHF - Long(13364) Short(4375)
JUNE 05/26/2020
USD - Long(21039) Short(6240)
CHF - Long(13246) Short(4507)
How can you support me :
1) Like my idea.
2) Follow me for more analysis
Feedback :
Please share your feedback in comments and this will help me to improve my drawing and analysis
Note : This is purely for educational purpose.
Don't miss the great sell opportunity in USDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9535). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.9475
TP2= @ 0.9440
TP3= @ 0.9410
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️