USDCHFWe saw USDCHF Short Because, USDCHF Follow Bearish trend and Ascending Channel Breakout or Retest Complete.
USDCHF.1 trade ideas
USDCHF stays bearish as SNB week beginsUSDCHF eyes another visit to the yearly low, after a two-week downtrend, as it braces for the Swiss National Bank (SNB) Interest Rate Decision, expected 1.75% versus 1.50% prior. In doing so, the Swiss Franc (CHF) pair fades Friday’s bounce off the lowest levels in five weeks by retreating from the 61.8% Fibonacci retracement of its May 04-31 upside. Given the below 50.0 levels of the RSI (14) line, it is likely to witness a bumpy road towards the south, suggesting a bounce off the 78.6% Fibonacci retracement level of 0.8890. In a case where the quote fails to recover from 0.8890, the yearly low of around 0.8820 marked in the last month will be in the spotlight. It’s worth noting that the pair’s weakness past 0.8820 highlights the yearly 2021 bottom surrounding 0.8757 as the last defense of the buyers.
On the contrary, USDCHF recovery may initially aim for the 50% Fibonacci retracement level of 0.8980. Following that, a convergence of the 200-SMA and a one-week-old descending resistance line of around 0.9000 will be in focus. Should the quote manage to remain firmer past 0.9000, the bulls can aim for 0.9030 ahead of confronting multiple hurdles around 0.9110. It’s worth noting that the previous monthly high of around 0.9150 is the last stand for the bears, a break of which could allow the buyers to aim for the yearly high of 0.9440 marked in February.
USDCHF IS ShOWING DISTRIBUTION PHASE AT H4 TIME FRAMEUSDCHF is a downtrend in the weekly time frame and in the h4 time frame weekly pullback gets over and the price is forming distribution to trap the weak-handed traders in this distribution stage 90% of traders are losing price may go short because of the price at the weekly resistant zone and price which is formed distribution zone. it is education purpose only trade safe.
LONG USDCHFi am looking long position on USDCHF at 0.89564.
I am using support and resistance as a basis for my trading. CADCHF seems to be moving upwards based on the chart and trend line,
The information are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
POSITION CLOSED ON THE USDCHF MARKETG CONDITIONS DURING THE SLOWI am using support and resistance as a basis for my trading. USDCHF seems to be moving upwards based on the chart and trend line, and as such I have already taken a position in the long side of the market. As a result of this trade, all the liquidty is swept up and the market moves upwards.
SLOW MARKET CONDITIONS FOR USDCHF HAVE CURRENTLY CAUSED US TO CLOSED OUR POSITION.
USDCHF15This can be a good entry in the 15th min chart. Take entry only after multi confirmation.This can be a good entry for a short time. Always keep in mind your risk reward.
long USDCHF I am using support and resistance as a basis for my trading. USDCHF seems to be moving upwards based on the chart and trend line, and as such I have already taken a position in the long side of the market. As a result of this trade, all the liquidty is swept up and the market moves upwards
USDCHF 4 Hour Analysis (8 June 2023)USDCHF 4 Hour Analysis (8 June 2023)
1. price just broke the triangle,
but it may retest
2. Retest level is set according to the
previous patterns
3. also, if price again comes under triangle,
we have to wait for entry.
USDCHF H4 Dear Friends, See the USDCHF H4 idea for short term but remember usdchf will long term BUY for more info message me.
USDCHFthe market is going in a nice uptrend looks like a buy situation but in the higher timeframe its a pull back move in day or weekly so lets wait for the structure formation in smaller timeframes to enter in the trade that we want to enter
for educational purposes only not a financial advise
USDCHF teases bears on Swiss GDP day, rising wedge in focusUSDCHF fades upside momentum, after witnessing a three-week uptrend. With this, the Swiss currency pair portrays a rising wedge bearish chart formation on the four-hour chart. That said, RSI (14) line appears steady near the 50.0 level, suggesting no harm to the latest consolidation in prices. However, the bearish MACD signals suggest that the bears are gradually sneaking in. As a result, the pair bears may seek entry on breaking the stated rising wedge’s bottom line, close to the 0.9000 round figure. Following that, the 200-SMA of around 0.8950 and the yearly bottom of 0.8820 may act as extra filters towards the south before directing the pair to the theoretical target of the rising wedge around 0.8750.
On the flip side, USDCHF recovery needs validation from the 61.8% Fibonacci retracement of its late March to early May downturn, close to 0.9070. However, the April 10 peak of 0.9120 may limit the short-term upside of the quote afterward. Should the bulls cross the 0.9120 hurdle, the bearish chart formation gets off the table and can allow the buyers to challenge March’s high of near 0.9440, which is also the yearly high.
Overall, USDCHF is likely to witness further downside but the bears need to conquer the 0.9000 mark to tighten the grips.
USDCHF BUYMarket now uptrend started, it's time to buy opportunity, Fibonacci extension using for the target set, now market correction completed to going up
USDCHF shortafter making equal high & break its swing low as change of character .there is extreme unmitigated order block
USDCHFprice checking into a ressitance zone lets wait and see how the market reacts to the zone and cntinu our ideas
USDCHF possibility long dear Tarder 4hrs USDCHF possibility long enjoy with your trade with stop losse
Chf is going for short around 130 pip instantI belive on my analysis and cycology of market it definatly going to crash for instant I am scalper I will work on around 100 pip instant
SEE the TIME
USDCHFlooks like a good sell idea in 4h time frame already broken the support level and gave a pull back let monday the market opens and will see how it plays if it shows entry signs will go throug the trade
USDCHF possibility long USDCHF possibility long 1:2 RISK & REWARD SO YOU CAN GO WITH THE TRADE WITH STROP LOSSES.
USDCHF looking for reversalAfter a strong downmove, the trend can reverse after forming double bottom reversal pattern with a good bullish divergence
We will take the entry after breaking the trendline
