CHFUSD trade ideas
USD CHFpitching at specific time interval so reversal around coming interval is expected.
lets see which way it unfolds.
its an clear uptrend , was in correction for sometimeits an clear uptrend , was in correction for sometime
USDCHF SHORTClear touch and rebound of the trend line .
Bearish confirmation candle sticks are seen.
Stochastic and Momentum are both both indicating a sell.
Stop loss of only 20 pips.
CLEAR SHORT TILL NEXT RESISTANCE LEVEL .
USDCHF - DAY TRADEHi, today we are going to talk about USDCHF and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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USDCHF SELLThird touch on the trend line and static resistance is seen due to the consolidation.
The Stochastic and Momentum Indicators are also indicating sells.
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9745.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9675.
TP4: S2=0.965.
Set the stoploss of these orders at breakout of R2=0.979.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.979.
In this situation, there is an expectation to reach the target R3=0.989.
Set the stoploss of reverse orders at breakout of R1=0.9745.
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