USDCHF trading idea for market openThis is what i see on multiple time-frames just wait for confirmation to enter
USDCHF.1.CSM 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.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9765.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9725.
TP4: S2=0.9705.
Set the stoploss of these orders at breakout of R2=0.9785.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9785.
In this situation, there is an expectation to reach the target R3=0.986.
Set the stoploss of reverse orders at breakout of R1=0.9765.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCHF 4H CHART BULLISHUSDCHF 4 CHART BULLISH
SUPPORT & RESSIDENT BOX CROSS BUYING ZONE
OANDA:USDCHF
IN THE CONSOLIDATION ZONEUSDCAD:- PRICE ACTION RISING TOWARDS THE RESISTANCE ZONE ON D1 TIME FRAME. SELL@1.3305 SL@1.340 TP.290
Don't miss the great sell opportunity in USDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9980). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.9940
TP2= @ 0.9890
TP3= @ 0.9845
SL: Break Above R2
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.996.
TP4: S2=0.994.
Set the stoploss of these orders at breakout of R2=1.002.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.002.
In this situation, there is an expectation to reach the target R3=1.0095.
Set the stoploss of reverse orders at breakout of R1=1.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
A possible fall on USDCHF. USDCHF is forming a triangle pattern in daily time frame.
I gave a false breakout and hence we can expect a greater fall
