USDCHF AnalysisSetup Contains:
1. Structural Shift (Bearish To Bullish)
2. Wyckoff Accumulation
3. Break of Structure
4. Returned To Orderblock
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CHFUSD trade ideas
USDCHF rebounds from key support ahead of Swiss inflationUSDCHF snapped a two-week downtrend while bouncing off 100-DMA and a horizontal area from April 20. The corrective pullback, however, failed to provide a daily closing beyond multiple hurdles surrounding 0.9620. That said, the MACD and the RSI (14) also hint at the pair’s weakness ahead of June’s Consumer Price Index (CPI) for Switzerland. It’s worth noting that sellers could witness a pullback on firmer readings but the aforementioned horizontal support and the 100-DMA, respectively near 0.9540 and 0.9520, will be crucial for bearish confirmation. Should the quote drop below 0.9520, the odds of witnessing a slump towards March’s high, also the 61.8% Fibonacci retracement of January-May upside, near 0.9460, can’t be ruled out.
On the contrary, downbeat Swiss data may extend the latest recovery towards breaking the 0.9620 resistance, a break of which could direct the run-up to the 38.2% Fibonacci retracement level of 0.9700. During the USDCHF advances past 0.9700, the 0.9715-20 area may act as a validation point for the north-run targeting the lows marked during early May and June, close to 0.9860.
Overall, USDCHF remains on the bear’s radar unless crossing 0.9620 but the further downside needs validation from 0.9520.
USDCHF - Double top breakdown double top breakdown
Trading below its neckline
Negetive divergence working beautifully
USDCHF DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 0.9537 with targets at 1.0057 & 1.0224
Alternative scenario
If price goes down 0.9537 look for 0.9376 & 0.9193 as targets.
Supports and resistances
0.9376 & 0.9193
1.0057 & 1.0224
USDCHF DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 0.95370 with targets at 1.00570 & 1.02240
Alternative scenario
If price goes down 0.95370 look for 0.93760 & 0.91930 as targets.
Supports and resistances
0.93760 & 0.91930
1.00570 & 1.02240
USDCHF DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 0.9537 with targets at 1.0057 & 1.0224
Alternative scenario
If price goes down 0.9537 look for 0.9376 & 0.9193 as targets.
Supports and resistances
0.9376 & 0.9193
1.0057 & 1.0224
USDCHF DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 0.9542 with targets at 1.0054 & 1.0224
Alternative scenario
If price goes down 0.9542 look for 0.9376 & 0.9194 as targets.
Supports and resistances
0.9376 & 0.9194
1.0054 & 1.0224
USDCHF DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 0.9542 with targets at 1.0054 & 1.0224
Alternative scenario
If price goes down 0.9542 look for 0.9376 & 0.9194 as targets.
Supports and resistances
0.9376 & 0.9194
1.0054 & 1.0224
USDCHF ShortThe price is bearish on a 4hr time frame and after making new lows price has come to test the 4 hr Supply zone again.
Expecting a down move from this area.
Should give at least +5R trade if entry is triggered.
There might be a big fall in USDCHF.In the 4hr chart of USDCHF it's breaking previous supports and falling. so, the trend might continue.
USDCHFUSDCHF, looks good for sell. Analyze the chart and trade accordingly. Make a handsome profit. for details DM
USDCHF IN A CRUCIAL PLACEUSDCHF is near it's channel of the uptrend either it breaks the channel or it may continue its uptrend . I will post trade idea after confirmation
USDCHF Daily Technical AnalysisTrading Ideas-
Long positions above 0.9587 with targets at 1.0053 & 1.0226
Alternative scenario
If price goes down 0.9587 look for 0.9453 & 0.9375 as targets.
Supports and resistances
0.9453 & 0.9375
1.0053 & 1.0226
USDCHF AnalysisIn an weakly time frame of USDCHF touched the trendline resistance level to move downward of long bearish candle moment, then market moving to downtrend
SHORT USDCHF | TECHNICAL ANALYSIS SHORT USDCHF | TECHNICAL ANALYSIS
Currently, as per wave analysis, it seems that we are on corrective wave 2, we have the earning opportunity for wave 3 and 5,
happy trading day guys, be with me
and most imp, dont forget stoploss
SHORT USDCHF | TECHNICAL ANALYSIS SHORT USDCHF | TECHNICAL ANALYSIS
Currently, as per wave analysis, it seems that we are on corrective wave 2, we have the earning opportunity for wave 3 and 5,
happy trading day guys, be with me
and most imp, dont forget stoploss
USDCHF Daily Technical AnalysisTrading Ideas-
Long positions above 0.9588 with targets at 1.0053 & 1.0227
Alternative scenario
If price goes down 0.9588 look for 0.9453 & 0.9375 as targets.
Supports and resistances
0.9453 & 0.9375
1.0053 & 1.0227
USDCHF Daily Technical AnalysisTrading Ideas-
Long positions above 0.9448 with targets at 1.0004 & 1.0227 in extension.
Alternative scenario
Below 0.9448 look for 0.9377 & 0.9196 as targets.
Supports and resistances
0.9377 & 0.9196
1.0004 & 1.0227
Usdchf updateAfter a bullish move a clear w pattern can be seen following are the zones I believe can turn out to be a good supply zone
💡Don't miss the great sell opportunity in USDCHF
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.97585).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 34.
Take Profits:
TP1= @ 0.97110
TP2= @ 0.96793
TP3= @ 0.96350
TP4= @ 0.96014
TP5= @ 0.95690
SL: Break Above R2
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