USDCHF | APPROACHING TO SUPPORT USDCHF after making a double top made resistance and falls sharply by breaking the trendline.
Currently, it is approaching its support area where a reaction needs to be seen.
Trade your levels accordingly.
Usdchfshort
USDCHF - Daily Trade Idea - 22-Jun-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF BEARISH SETIMENT IS IN PLAYConfirmed double top/M pattern in play a strong sell of on its second leg double top pattern to the down site after a long haul of daily chart channel to the upsite bull has run out of steam.
USD/CHFI think the downtrend will start soon
This is my personal opinion. Please do not trade based on my analysis and data.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96422
TP: 0.98885
SL: 0.93920
Bias: Short
The historical price action of this instrument is showing a lethargic movement now and not very active with any directional bias. However, the trend strength is heavier towards downside and that is the reason we are seeking a short trade opportunity.
USDCHF: Final Push ⚠️The sell-off was huge from the main supply zone.
Traders that missed the sell will be expecting a deep pullback but I think a minor one will be sufficient for the next leg down into demand.
I have illustrated both levels of interest for sells.
Good luck traders! 💬
usdchf sell opportunityfirst of all, we r still on an up trend.
but this up trend ended with EQH - double top pattern
so this is a great signal for trend reversal
the only thing to sell when the trend is broken and the green demand level also
u can use the " sell stop " order below the area we referred to.
don't forget to use proper risk management
USDCHF - Daily Trade Idea - 17-Jun-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF Sell a break of yesterday low.USDCHF - Intraday - We look to Sell a break of 0.9929 (stop at 0.9951)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of yesterdays low would confirm bearish momentum.
A higher correction is expected.
Overbought signals and exhaustion indicators offer fair reason to sell the index but we prefer to see a break of support before fading this impressive move.
Our profit targets will be 0.9876 and 0.9856
Resistance: 0.9970 / 1.0000 / 1.0030
Support: 0.9930 / 0.9900 / 0.9880
USD/CHF: double top bearish pattern in sight?The Swiss franc ( USD/CHF ) rallied against the dollar in London morning trading, after the Swiss National Bank (SNB) unexpectedly raised interest rates by half a percentage point to -0.25%, shocking the market which had anticipated rates to remain unchanged.
Rising inflationary pressures prompted the SNB's unexpected rate rise, after Switzerland's inflation rate hit 2.8% year-on-year in May, the highest level since September 2008.
The SNB also stated that further rate increases are inevitable in the foreseeable future and that the franc is no longer highly valued because of recent depreciation.
On the technical front, USD/CHF fell sharply to 0.98, and a double top bearish pattern is increasingly gaining shape, which could indicate a further dip to the neckline support of 0.955. Momentum indicator, as represented by the 14-day relative strength index, tilts dangerously downward and tries to test the 50 mark.
Read more...
USDCHF Potential Swing Short 1:5RR Confluences
1. Weekly/ Monthly - resistance
2. 2 Weekly candle engulfing
3. On lower timeframe, Bearish structure
4. Double top
5. Broke the trendline
TP1 - 0.95650
TP2 - 0.94500
USDCHF - Daily Trade Idea - 16-Jun-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF probablity for short 0.9930#USDCHF, monthly key reversal bar dictating for weakness ahead. 16th-20th May strong weekly down bar as a key reversal bar broke two weeks low and closed off the low. 0.9940 first supply zone if failed to hold price next strong supply zone 1.0020-60. Target: 0.9530 if breaks then next target level 0.9500. advise to book profit at 0.9530.
USDCHF SELL HERE!USDCHF IS Now Trading on A Strong ORDER BLOCK AREA, And Have the Most Chances to Fall From Here and Fill the Imbalance .
USDCHF Sell into a rally.USDCHF - Intraday - We look to Sell at 0.9634 (stop at 0.9657)
Short term bias is bearish.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9578 and 0.9568
Resistance: 0.9580 / 0.9600 / 0.9620
Support: 0.9560 / 0.9545 / 0.9500
USDCHF - Daily Trade Idea - 3-Jun-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
SHORTING USDCHF, 90 PIPSAfter USDCHF was overbought, the market was bet against, currenctly in a downtrend and still expecting USDCHF to fall into the region of 0.95100's.
NB: Red Box: rejection zone
USDCHF: Buyers Not Ready 🧠Since demand has not been met and compression has not been completed, I believe sellers will have one more round before buyers intervene.
I would like to join these sellers but I am unsure what supply they want to use.
I have my alerts set and will study the price action on delivery before entering.
Do you like the look of this? 💬
USDCHF - Daily Trade Idea - 31-May-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF - Daily Trade Idea - 30-May-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF - Daily Trade Idea - 27-May-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF - Daily Trade Idea - 25-May-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF - Daily Trade Idea - 24-May-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
