USDCHF_SPT trade ideas
RECOVERY OF USD/ CHF : 13 WEEK LOW AT 0.08757USDCHF touched a 13 week low at 0.8757 during the Asian session on wednesday and recovered some of its intraday losses, trading near 0.8770. The mixed US data could have contributed to the weakening of USD. The current support level of usd/chf is 0.8757, if it is break 0.8757 then it will touch 0.8744 & 0.8730 in intraday with the stop loss of 26 pips.
USD/CHF Sell Trade Opportunity Using ICT Killer Zone StrategyTitle: USD/CHF Sell Trade Opportunity Using ICT Killer Zone Strategy
Description:
In the dynamic world of forex trading, seizing the right opportunity is crucial for success. A compelling opportunity has emerged in the USD/CHF currency pair, signaling a potential sell trade based on robust technical analysis and the highly effective Inner Circle Trader (ICT) Killer Zone Strategy.
**Technical Analysis Overview:**
The technical analysis of the USD/CHF pair reveals a confluence of key indicators pointing towards a potential downtrend. The pair has encountered resistance near a significant psychological level, with multiple failed attempts to break above. This resistance, combined with a bearish divergence in the Relative Strength Index (RSI), suggests that a reversal may be in the making.
Additionally, the Moving Average Convergence Divergence (MACD) indicator has recently generated a bearish crossover, further supporting the notion of a potential downtrend. These technical signals align cohesively, providing a strong foundation for a USD/CHF sell trade.
**ICT Killer Zone Strategy:**
The ICT Killer Zone Strategy, developed by the Inner Circle Trader, is a powerful tool that combines key support and resistance levels with price action analysis. In this scenario, the strategy identifies a specific "killer zone" where price is likely to reverse, providing an optimal entry point for a sell trade.
The killer zone is often marked by the confluence of key Fibonacci levels, pivot points, and historical price zones. In the case of USD/CHF, the killer zone aligns with the identified resistance level, creating a high-probability area for a trend reversal. Traders utilizing the ICT Killer Zone Strategy understand the importance of patience and discipline in waiting for the price to approach this zone before executing a trade.
**Forex Pip Target:**
With the sell trade initiated within the ICT Killer Zone, traders can set a reasonable pip target to maximize potential profits while managing risk effectively. The pip target should be based on the average daily volatility of the USD/CHF pair and take into consideration nearby support levels that may act as interim obstacles.
Risk management is a key component of this strategy, and setting a stop-loss order just above the killer zone or the recent swing high helps protect against unexpected market movements.
In conclusion, the USD/CHF sell trade opportunity, supported by comprehensive technical analysis and the ICT Killer Zone Strategy, presents an attractive prospect for forex traders seeking to capitalize on potential market reversals. As with any trading strategy, thorough analysis, disciplined execution, and risk management are paramount to success in the ever-evolving forex market.
buyHi Guys,
Happy weekend traders!
This is my view on usdchf, once this base breaks out and crosses the trendline
after retesting, I'll enter a long position!
If you like my View follow, comment, and don't forget to leave a like
USD/CHF--BREAKDOWNAs per Daily Price Action Price Has Been Followed trendline Last 91 Days. After Broke The Trendline Price Retest It is Trendline zone And Reverse From That Level And 50 and 20 Ema Also Broke Below Side.
It Could Be best Sell Side Trade With Stop loss 0.90468 But price Has Given Good Point In Sell Side So Wait For Bounce Near Around 0.90081 Its Good Zone For Sell
Target:- 0.89032 Recent Swing Low
As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index.
Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade ..
Stop loss :- Above 106 Level
Target:- 104.193
Please consult your financial advisor before Forex trading
All research is for educational purposes only.
USDCHF LONGPrice formed a reversal pattern on a small trend inside a bullish trend hence still expecting bullish movement
Usdchf buyBuying from 2hr ob till fvg 50% ,dxy ob retracement so usdchf can be bought at slight retracement till 2 hr ob
USDCHF ANALYSIS OVER H1 CHART.USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed a wave of correction to 0.9024. A structure of growth to 0.9064 might form today. Next, a link of decline to 0.9010 is expected.
USDCHF LONGUSDCHF is overall bullish we can plan a long trade after the break of current resistance at 0.90900 targeting the 0% level of fibs.
Usdchf BUYBroke structure above ,fvg seen above as two red lines marked
Buying at somewhat cheaper or discounted price
sel usd/chfit generally gives breakout then make double top pattern and it gives us opportunity to sell
so here is the plan
sell usd/chf for intradayits history tell us it likely to make inverted flag and poll pattern with the trap for retailers as per drawn by me in chart, then after this will continues it's trend i.e. downside
Long-term CHF trading strategyAUD/USD continues to recover from the 0.6285 area, gradually forming a double bottom pattern with the neckline at 0.6435. On frame D1, the recovery momentum has weakened after touching the 20-day MA at 0.6380.
On the H4 frame, the currency pair is still maintaining an uptrend. The RSI and MACD indicators signal that the upward momentum is still maintained. The price can still gain momentum if it maintains above the MA 20 line at 0.6330.
Immediate resistance will be at 0.6390 and 0.6435. If the price retraces below 0.6330, the next important support levels will be 0.6310, 0.6285 and 0.6255.v
#USDCHF: short positionThere is resistance confluence on this chart. as you can see price arrived to strong daily resistance level and I waited to create the H1 resistance zone nested on daily zone, after the reversal candle stick pattern, It gave the propriate short entry setup.
USDCHF LONGUSDCHF is approaching a 4hr order block zone.
It is also approaching a daily fib golden zone.
so we can plan a long trade around the OB.
usd/chf on long sideit is forming trap for retailers as per shown in chart
and at the same time dxy index looks bullish to me
so here is the plan
its long on usd/chf @15min1.measure trend is up
2.during formation of range it breaks previous support or resistance and trap the breakout traders
3.from history data analysis we are ready to buy at support brakage
How to trade Zig-Zag correction PAIR: USD/CHF
Wave: ZIG-ZAG COrrection
Invest $100-$1000
Reward $1000-$10,000
Profit Sharing: 50%
Wave A having a five impulse wave ,
B wave mostly max travell upto 61.8(A)
C wave is the tradable/execution wave . It may 123.6% to 161.8% or more of Wave A
Just wait and watch like a snipper for entry near the "B" wave going to finish.
strong pattern form on long sideas usually after analysing history data it sugest that
it first gives v-shape pattern
then retraces to nearly 50%
the consolidates and goes up
so here is in charts what i see
