i dont usually trade retail on forex but sometimes the setups are too clear to ignore, this is one of those times.
market structure shift on usdchf with a clean trendline breakout, will be looking to go long on usdchf at the two POIs with a tight SL.
this setup has a great RR as well even after keeping the TP very conservative.
Let's see how it plays out once...
Hey traders,
USDCHF is approaching a strong daily resistance level.
On hourly time frame, the price formed a triple top formation.
To catch a pullback from the underlined structure, wait for 0.921 horizontal neckline breakout (1H candle close below).
Then sell aggressively or on a retest.
Your goals will be:
0.917
0.914
In case of a new higher high higher...
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DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
looking at these two points of interest for possible buy/sell on usdchf for now. very clean and possible fill of imbalances.
will enter upon confirmation within poi and update here
USDCHF Buy Trade Opportunities
its an overall Bullish trend and is now its the correction phase if the market makes a good Bullish candle on support as we mark in the chart so it will be a good opportunity to Buy with good risk rewards
This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move.
The Fed's Interest rate decision could trigger the strong move breaking the structure.
Price breaking the previous low (Invalidation...
USDCHF BEARISH TRIANGLE
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USDCHF Buy trade opportunities
It retests the major support area and makes a strong Bullish Candle on the major support area it's a good opportunity to take a long trade with good risk reward
USDCHF Sell trade opportunities
Its overall sell trend recently fail to the breakout resistance level and make a very strong Bearish Candle on resistance here is good opportunity to take sell wit good risk rewards
Always use Stop Loss
