USDCHFFX:USDCHF
As you can see that, USDCHF has created a Flag & pole pattern or a good Horizontal resistance, If it gives breakout we can plan for buy side. Always take retest entries. Plan your trade accordingly.....
Usdchfbuy
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 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
USDCHF BuyFX:USDCHF
USDCHF has formed Double bottom and when the neck line is breaks we can go for a long position.
USDCHF TRADE UPDATE TP HITusdchf buy trade idea uploaded on 11.01.2023 hit tp with 2.4R profit.
congrats if you followed along!
💡Don't miss the great buy opportunity in USDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.89416).
. 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 an 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= @ 0.90003
TP2= @ 0.90228
TP3= @ 0.90514
TP4= @ 0.90804
TP5= @ 0.91148
SL= Break below S3
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USDCHF broad falling wedge pattern and break and retestUSDCHF
Has managed to break the broad falling wedge pattern and retested once around 0.92500 level and bounced back towards 0.93000
And we can see a series of HH HL HH pattern here which is a clear sign of the bullish trend. The next possible upside target would be 0.93500 and 0.94000
In second quarter of the 2020 USDCHF has managed to fell below the 0.90000 major key psychological and reserve bank intervention level. Most of the time USDCHF
Has bounced from this level.Due to the broad weakness in USD is the main reason for the rapid selling in USDCHF. After start of this year we can see some bullish trend in DXY
which is reflecting in this pair and managed to back above 0.90000 level and currently trading near 0.93000 level.On monday market open the price might reach around 0.92500
and i am expecting bounce towards 0.94000.
The Exponential moving average was just below the current price level which is a clear sign of the bullish trend here.The bear has to contend with these Moving averages such as 50,100
In Ichimoku cloud the cloud has turned red and its broadening too and the middle line is currently acting as another support for the bullish trend. And in Bollinger bands the price has reached around
middle band which will give a short term buying pressure
RSI has reached around 50,MACD is still above the line and green and Stochastic has reached around 80(short term fall back was expected)
Trade call
Buy @ 0.92600
Take profit @ 0.94000
Stop lose @ 0.92100
