By the looks of this channel, my overall thesis would be a buy position. Simply because of price being at the bottom of this channel. I've also noticed that once in a descending triangle pattern typically near the end, we could see price breaking out of the bottom channel to then retest the bottom channel overall giving a bearish continuation. whichever the case...
Safest way to trade currencies is to use round figures, so called psychological levels.
Hi everyone! Couple of CHF/USD reached support level on 1.1145 then it began to dvizhgatsya on up and now indicators indicate divergence. Therefore I expect the movement on up at least to the closest zone of sellers at the level of 1.1256. I put SL very close therefore risks are minimum. Bought on 1.1158 TP = 1.1256 SL = 1.1142 Information provided is only...
📌 CHF for the Yearly Close An excellent swing move, which is extraordinarily difficult to spot. You should note that what has played out has been completely carefully controlled and exclusively on the FED side. Whereas SNB have been seeking salvation against the inflows, the USD cycle is playing out by default and monetary error more than anything else. You...
USDCHF Elliott Wave Count / Channel Support
It has been a long time since my last analysis of the Swiss Franc. This market is set up for a decline. The COT report is very bearish, our valuation model shows CHF is way overvalued. Cycles and seasonal and Intermarket forecasts show a potential decline almost till the end of this year. Everything is very bearish. Sounds too good to be true. We have signs of...
Looks like again, we are in a new bull impulse for Swiss frank. Let's rol;!
A great price for entery, you gotta wait a lil bit but the profits are pretty good.
Follow up on the previous analysis: Think this is a nice one to keep an eye on coming day or 2. It dropped quite big, after it attempted to break up from that wedge on the right. It dropped in a straight shot below that green zone, so if the coming day or 2, would see a retest of that green zone, like the blue line suggests, think it would be a nice spot to take...
A key level of 1.400 is about to be hit and the bullish trend will begin.We are close to the the are of value and the RIsk Managment is perfect 1/2.
Hello traders, we currently have a long setup for CHFUSD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel...
Pattern: Rejection on the 1.088 Resistance. Signal: Bearish as the 1D MA50 has been broken and the MACD made a bearish cross. Target: 1.000 (just above the Symmetrical Support).