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Usdchfshort

USDCHF | Still in DowntrendWhen it comes to USDCHF , it is still in downtrend. Now price is staying near good resistance area. You could short from this area by placing the stop above it. For more reference, please take a look into my previous idea that I have shared. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
USD/CHF Analysis 31/12/2021 15minWorking on forex still, took a really nice trade yesterday and just close it out today at around 50 pips, I had been watching several pairs the past couple days and was waiting for the patterns to play out. I also was looking for bearish order blocks and if you look at where I took my fib from it was off the back of a big sell off. I looked for a few things for this trade. firstly, I wanted to see lower highs, and we didn't even get close, then I seen the last level of resistance was 0.72 level which from a risk to reward standpoint makes a lot of sense going with a short at these levels, price had just rallied up and we were hitting clear resistance here. it actually ended up being the perfect entry or 'OTE' as I am learning. all of this analysis is off the back of watching 'the inner circle trader' I am just getting started watching his analysis but he is very accurate and patient and patience has paid for this trade big time. I still think price will go lower but for my second trade in forex and nailing 50 pips I am not going to get greedy here, just going to try and keep it up. the yellow line is where I could see a test but honestly it wouldn't surprise me to go lower, again though the same technique could be used here to look at the retrace back up from these levels and try catch the next leg down. I will keep ay eye on this chart for the next week or so and look to take a similar trade as market bias is definitely bearish here. I am going to do forex all day today I think and see if there is anything playing out or maybe things too watch, so far so good!
Short
by ryanc49
USDCHF at bottom of rising channelUSDCHF could be set to have it's first positive day since 21st December as it sits within the lower boundary of a rising channel. We also have a recent supply zone directly below the channel boundary offering additional support. This looks like a potentially high risk reward trading opportunity, market structure is bullish and we have seen a strong serious of higher lows - I don't expect structure to break here so a bounce before the bottom of the supply is my expectation. This is not financial advice, you are responsible for your own trading decisions. *** PLEASE LEAVE A LIKE AND FOLLOW TO SHOW YOUR SUPPORT *** Any questions or comments I'd be happy to discuss below.
Long
by HayeTrading
1
USDCHF looking to fin new lows...As I wrote about it earlier, I still think there is room for this one to fall further down. Since yesterday we have broken a daily trendline and the price is still hovering below 0.9155 minor resistance line. The dollar was weak across the board today, and I'm looking for this one to finally form new lower low levels. Might be a risky trade here, but since it's the end of the year I'm only risking 0,25% on this one. We are already up 8% for the month, so I don't mind "playing" this one again.
Short
by tomsabobiz
USDCHF still looks bearish to me...I'm still looking for this one to form lower low levels and my ultimate target would be the 0.88 level, but for now, I'm still looking for this one to test the trend line on the weekly chart. The dollar is still weak and while hyperinflation is starting to kick in slowly I think we are going to see the dollar index falling a bit more and that can help us to pull down this one as well. My entry point is on the 1hr chart but my long-term technical analysis is based on the daily, weekly, and monthly. And as always RR is minimum 1:2
Short
by tomsabobiz