USDCHF - Potential retracement ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental analysis: Next week on Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD.
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Usdchfshort
Possible USDCHF ShortThe Swissy is the nearing a resistance around the 0.89939 level that has been tested and proven strong from 17th April 23 to 6th July 23.
The pair is also displaying bearish divergence from the 4 hour to the 5 min chart.
I believe the bears will come into play as soon as Monday pulling the pair down and I intend to be one of those bears with an entry at the open or possibly once the 0.89766 level is breached to the downside . For now we wait to trade what we see.
The Reason for Short Decision Dear Traders,
This is an update to my previous signal which hit stop loss and sharply dropped, though I had adjusted my personal stop loss on the position. Since stop losses cannot be modified after a signal is posted, the chart still shows the original stops.
I have now added one more Sell position at rate 0.8953. My take profit remains the same as the previous signal. I have removed my personal stop loss on this trade and currently hold 3 open short positions.
Please refer to the linked URL from my previous signal for more details on entries and targets. This chart is still in Weekly timeframe to show the retest of the breakout, which looks ready for further downside.
USDCHF Long Term Selling Trading IdeaJul 31
Hello Traders
In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET
today USDCHF analysis 👆
🟢This Chart includes_ (UDCHF market update)
🟢What is The Next Opportunity on USDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BluetonaFX - USDCHF Trade IdeaHi Traders,
There is a short opportunity on the USDCHF 1D chart. The market is currently in a retracement wave of the bear flag break, and there is an opportunity for a short entry to target the demand zone to take profit.
The demand zone area is 0.88600–0.88202.
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Thank you for your support.
BluetonaFX
USDCHF - Short active ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for short. I see price to reject from bearish order block after filling the imbalance.
Fundamental analysis: Next week on Wednesday will be released monthly and yearly CPI on USD and on Thursday monthly PPI. Pay attention to the results in order to validate the analysis.
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USDCHF has Potential for Further DownsideThe USDCHF currency pair exhibits a marked bearish trend over the long and medium terms. In the short term, a clear bearish price action has been observed since March 21, characterized by a series of lower highs and lower lows.
Analysis from the Elliott wave perspective suggests that the corrective wave 4 of the impulsive bearish move has been completed, and the pair has started moving downwards to complete wave 5. A reasonable price target of 0.8821 is anticipated if wave 5 is not truncated.
Classical analysis indicates that the price is currently trapped between a steep bearish trendline and a shallow bullish trendline. A support level established over the last 10 days is currently being upheld. It is anticipated that sellers will maintain their selling pressure, resulting in a break of the trendline to the downside. This notion is supported by the price's rejection at the 0.8953 level.
Considering both perspectives, my medium-term target for the USDCHF pair is estimated to be 0.8860 , while my ultimate target is 0.8821 .
USDCHF Long Term SELLING Trading IdeaHello Traders
In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET
today USDCHF analysis 👆
🟢This Chart includes_ (UDCHF market update)
🟢What is The Next Opportunity on USDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCHF Buyers in Control! Orderblock Setup {21/08/2023}Educational Analysis says USDCHF trade set up according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this setup?
Because USDCHF break downward facing top trendline in a 4-hour time frame which was respected by sellers for a very long time.
The market is bearish but due to changes in structure and character market is riding a bull run by buyers.
The parallel channel shows there has been liquidity generated by the stop loss of retail traders. and Plus there double-bottom liquidity has been generated to doom retail traders.
The market will come down to collect it and maybe we see a reversal after that.
The Market is currently reaching towards the Latest Short side of Orderblock to Move down and then maybe a reversal may happen.
The black line is the Order block
The RED line is high and low at the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
USDCHF: descending channelThe USDCHF is moving within a descending trend channel, and the price has reached the upper part of this channel, which also acts as a strong resistance level. Therefore, further decrease is likely. The targets are the lower support levels and the lower part of the channel. It's recommended to observe how the price reacts to this level.
If you find it useful, like, follow, share!
Good trading!
USDCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from institutional big figure 0.88000.
Fundamental analysis: Upcoming week on Friday will be released monthly CPI on CHF, as well NFP and Unemployment Rate on USD, one of the most important news. Pay attention to the results in order to validate the analysis.
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USDCHFConsidering the price approaching the upper level of the daily descending channel, which coincides with the 4-hour supply zone, as well as the close proximity of the price to the long-term daily demand area, as indicated on the chart, there is a higher probability of price decline.
If you decide to trade, wait for confirmation of a price drop in the channel's resistance level.
USDCHF downtrend incoming soonAs we are in choppy and consolidation market, expecting a move to arrive for the downside and target 0.8660. we are in a deep long term bearish trend which I expect to resume once we get out of consolidation phase. Expecting Price to Retest its resistance level around 0.8830 level once more before declining.
USD CHF SHORT Risk 0.5%
TP1 = 1:2.5 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
USDCHF –waiting for resumption of the main trend 21 Aug, 2023Anyone looking at the daily chart would agree that the overall flow in this market is bearish. I am waiting for the current counter-trend move to get exhausted and evidence that the bearish move has commenced. Two possible locations of such reversal are the zone I have marked or the major s/r area around 0.900.
I will be monitoring price action on H4 and H1 time frames for some bearish evidence. The initial target is in the 0.8550 region. If, however, we see a bullish continuation move with momentum, my analysis would get negated.
Being prepared for the unexpected is a good policy in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
USDCHF SellMy idea for the USD/CHF pair is as follows: We can observe the formation of higher highs (HH) and higher lows (HL) . Currently, the price appears to be in a downtrend that retraced and absorbed an imbalance . This scenario could potentially lead to a continuation of the downtrend.
To calculate a 1% stop loss of your balance, you use a lot size calculator. RR: 1:1.49