USDCHF.1.CSM trade ideas
USDCHF in a pennant USDCHF had broke a trendline and now it is performing a pennant pattern , if we get the break, we can go for a sell
USDCHF is showing some type of bearishnessdouble top can be seen and also the trendline is trying to break
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9725). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.9775
TP2= @ 0.9800
TP3= @ 0.9840
SL= Break below S2
USDCHFIt will shoot up after the testing the X spot which is at fib 61.8 and also have support there ...
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 .
