USDCHF R:R 1:5 LONG SETUPWait for Trendline and Equal Highs Liquidity grab.
Then Wait for 4 Hr POI and look for CHoCH in 15 min
Then Enter the market.
Please DYOR before entering the trade
Usdchfidea
USDCHF 1D Timeframe ProjectionUSDCHF 1D Timeframe Projection
DXY - Data Global forecasts say it will decline. Yes, it may, but the dollar is still rising today.
DISCLAIMER: All labelling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
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.....
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 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
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
USDCHF BuyFX:USDCHF
USDCHF has formed Double bottom and when the neck line is breaks we can go for a long position.
USDCHF Sell trade opportunitiesUSDCHF 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
Weekly Based Ascending Triangle Bearish {USDCHF}All level marked on the chart.
Charts are for educational purposes. Non-advisory, discretional.
USDCHF ForecastUSDCHF Forecast
IMO
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Happy Trading 😊
USDCHF ShortUSDCHF Short
Risk/Reward: 1:5
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Thanks 😊
USDCHF shortingThe downtrend in the daily timeframe. So gone for sell after the retracement in lower timeframe.
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
USDCHFCurrent Trend Downside (Sell)
TG1 = 0.88923
TG2 = 0.88776
TG3 = 0.88536
STL= 0.89300
If Trends Breaks (Buy)
TG1 = 0.89208
TG2 = 0.89398
TG3 = 0.89689
STL = 0.89850
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;
VERY GOOD BUY TRADE IN USDCHF
We have a very beautiful opportunity to encash; This Trade has an exceptional Risk:Reward ratio; This is WAVE 3 Dream Wave of Every Trader.
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
