After Seeing MA 50, 20 and 9 , We can say its a good call to sell only if MA 9 moves little away from MA 2 0. Also wait for a strong bearish candle crossing MA 20. If Supports break strongly take the profit of 100+ Pips. Else go for a half exit. Mahesh Mankar, CEO, Forex Kingdom
USDCHF is looking short opportunity, Because DXY index is weak across the board. This trade has some decent RR to make the move to the downside.
i can clearly see that the inverted pole and flag pattern made by USDCHF in 4H time frame, it is bearish pattern .
previous rising wedge broken and as predicted bearish momentum has been seen, new falling channel is being likely formed and we could see price continuation to the downside testing multiple key levels
it is forming an triangle chances of breaking down as per upper time frame analisis
Take trade with 1% always and stay consistent, i believe every strategy works until You are consistent & risk managed.
DESCRIPTION The counter USDCHF is traveling between the price range of 0.8940 and 0.8890 in the pennant. Determining the trend of the counter is very tough when it is in the pennant. But the buying pressure of the market may propel the price even more upwards. Hence there is possible of breaking the top line of the pennant. The bullish trend is expected to start...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8896). 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. ....
As the market of USD/CHF is retracing upside put a sell lim in the provided area now Sell Lim. 0.8920-0.8934 Stop loss 0.8950 TP1 0.8877 TP2 0.8845 Thank You and Have a nice day
Om Namah Shivay The closer look brings the idea that CHF should be somewhere nearby the next move. The validations should be in place for the next move. This is for educational purpose only. No trading suggestions provided. Om Namah Shivay