3 Highs setup in USDCHF.Hello Traders!
1. We see 3 consecutive highs after proper consolidations . I have some self-made rules for this setup which have worked with almost 90 percent accuracy.
2. We also have a 2-bar reversal pattern in 1 hour tf.
3. Sell below the red line . The stop may be updated if the market makes a new high before our entry.
4. We also have 2 potential targets marked by the green lines.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
USDCHF
USDCHF bullish MSS and clean trendline breakout!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 the market reopens!
USDCHF 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 implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
USDCHF 2H PROJECTIONDISCLAIMER: 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 implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
USDCHFDISCLAIMER: 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 implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
USDCHF - Dollar Uprising again?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 level) means the dollar would go to further bearish levels.
The analysis is based on the Elliott Wave Theory.
USDCHF BEARISH IDEAUSDCHF BEARISH TRIANGLE
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.