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Usdchfshort

USD/CHF - Bearish Reversal Anticipated from Key Resistance LevelThe USD/CHF currency pair currently exhibits a Bearish Butterfly Harmonic Pattern. This pattern is significant as it is forming at a key resistance area, indicating a potential reversal in price action. The pattern's completion point, identified as Point D, aligns with a 61.8% Fibonacci retracement level, further reinforcing the likelihood of a bearish movement. Potential Reversal Zone (PRZ): Point D, also known as the Potential Reversal Zone (PRZ), is the critical area where we anticipate a reversal from the current uptrend. At this point, the confluence of the Bearish Butterfly Harmonic Pattern and the 61.8% Fibonacci level strengthens the probability of a significant bearish reversal. Entry, Stop Loss, and Take Profit Levels: To capitalize on the anticipated bearish movement, we recommend entering a short position at 0.90055. To manage risk effectively, a stop loss should be placed at 0.90175, slightly above the PRZ to allow for minor price fluctuations without triggering an early exit. Take Profit Targets: We have identified three take profit levels to gradually secure profits as the price moves in the anticipated bearish direction: TP-1: 0.89935 TP-2: 0.89815 TP-3: 0.89695 These take-profit levels are strategically placed to capture gains at significant price points, providing a structured exit strategy to maximize profitability while managing risk. Conclusion: The formation of a Bearish Butterfly Harmonic Pattern at a key resistance area, coupled with the alignment of the 61.8% Fibonacci retracement level, suggests a high probability of a bearish reversal in the USD/CHF currency pair. By entering at 0.90055 with a stop loss at 0.90175 and targeting the specified take-profit levels, traders can effectively benefit from the expected downward movement. Disclaimer: This technical analysis report is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consider their risk tolerance before entering any trades.
Short
by trading_jupiter
USDCHF - Bearish price action !!Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block + institutional big figure 0.90000. Fundamental news: Upcoming week on Friday (GMT+3) we have NFP and Unemployment Rate in USA, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
USDCHF – Is a new downtrend underway? (double top in place)When all this happens on a daily chart, I am always interested. My chart is self-explanatory but I will just add that I am looking for a pull-back. That could happen at the round number 0.9000 or perhaps higher up around the 0.50 or 0.618 retracement area of the most recent down move. Initial target can be around 0.8900 or 0.8700. Recently, forex pairs have been rather choppy. Let’s see how this plays out. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
8
USDCHF - Short from bearish order block !!Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.90000. Fundamental news: Next week on Wednesday (GMT+3) we have important news in USA, CPI and Interest Rate. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
USDCHF to breakdown?USDCHF - Intraday We look for losses to be extended today. There is no clear indication that the downward move is coming to an end. Short term momentum is bearish. 0.8884 has been pivotal. A break of the recent low at 0.8883 should result in a further move lower. We look to Sell a break of 0.8879 (stop at 0.8907) Our profit targets will be 0.8809 and 0.8789 Resistance: 0.8900 / 0.8920 / 0.8948 Support: 0.8883 / 0.8860 / 0.8840 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Sell USD/CHF Bearish PennantThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8915, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8862 2nd Support – 0.8825 Stop-Loss: To manage risk, place a stop-loss order above 0.8970. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
9
USDCHF potential short 2R Fondamental : Traders priced a 25 points rate cut this year Technical Analysis Based on the Chart : The accompanying USD/CHF chart highlights a clear downtrend, reinforced by a break below a key support level at 0.90046. Key technical observations include: Moving Averages: The 50-day Simple Moving Average (SMA) is at 0.9052, while the 200-day SMA is at 0.90878. The current price is below these moving averages, indicating sustained selling pressure. Fibonacci Retracement: Fibonacci retracement levels show resistance at 0.90046 (50%) and 0.90357 (61.8%). These levels could act as potential reversal points if there is a corrective rebound. Support and Resistance Levels: Immediate support is around 0.89552. A break below this level could lead to testing the lower support at 0.88776. Market Sentiment: The Swiss franc, often viewed as a safe haven, may continue to gain against the USD amid geopolitical tensions and economic uncertainties, especially if the Federal Reserve's outlook remains unclear.
Short
by Metow1sw
USDCHF tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho