CHFUSD trade ideas
USDCHF Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9755.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.979.
TP4: R2=0.98.
Set the stoploss of these orders at breakout of S2=0.9745.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9745.
In this situation, there is an expectation to reach the target S3=0.968.
Set the stoploss of reverse orders at breakout of S1=0.9755.
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USDCHF sell trade @H4 chartUSDCHF
As CHF is considering as one of the safe heaven assets along with JPY its gained some strength during this financial crisis time
The Elliot wave is forming in this chart we can see that Wave 02 is almost completed and stated its run to complete the wave 03
It will form descending channel.
We can open short positions at this level which is 0.96400
0.94300 would be a resistance level we have keep eye on this level
Primary target would be 0.93100
And the final target would be 0.91900
Stop lose may placed above the 0.96900 level
