Pair is trading over a strong demand zone. It is worth to open a small long position and add at every drop. It could more days to take off. GBP is getting stringer across the board. Wide stop loss, forex is very volatile, the stops loss triggers when a daily candle closes and break down the demand zone.
As I mentioned before Canadian dollar is gaining strength. It was punished enough by the market and now is coming back. I have a large long position here I think is going to break out. The inverted HS (not confirmed yet) on the weekly timeframe looks promising.
Forex Euro Swiss Franc is heading towards top of the range on hourly time frame
Mega bearish on EUR at the moment and I think we'll continue to see EURCHF slide. Here's my ideas, plan A and plan B both resolve at a TP of 0.967 but I think we'll break through the demand zone and head down to 0.957, which is a 1:6 trade. Last week the Euro was the worst performing G10 currency in my analysis, we can see USD strengthening (which indicates risk...
as you can see the price retest the strong resistance trend line and i expect price fall
I am long USD here. All the currencies have failed against dollar. So will CHF. Just a matter of time.
USDCHF has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
USDCHF has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
This situation has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I...
The hourly chart shows strong control of bears by consecutive formation of another lower high
HELLO GUYS THIS MY IDEA 💡ABOUT USDCHF is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the sellers from this area will be defend this SHORT position.. and when the price come back to this area, strong sellers will be push down the market again.. DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason...
Hello guys this my trading analysis about USDCHF Thank you .
Swiss Franc long term chart suggesting a major top
We'd a ascending channel with a resistance making higher highs, however the bottom line of support of the channel was crossed. So we put a horizontal support, to check what could happen to the price, and with this support we can see a possible retracement. We can also see the EMA line is changing the direction. And about the MACD indicator, the support had...
The inverse head and shoulders pattern is confirmed in USD/CHF. It seems the dollar will continue to gain against Franc. Based on the pattern's height, the price target is 1.03
We have filled the imbalance and are now in a good range for a SELL. Confirmation on lower TF also given, created a ChoCH. Selling here could be a good trade. What do you guys think? Please like and comment what you think!
In the daily time frame, we are at the ceiling of the downward trend. Trade with caution on NFP news. be profitable🤑
GBPCHF has potential to go up to 1.14380 or 1.14750 before we see a big move to the down side, we will probably see a new 2 year low. We have high liquidity that has to get taken off before the drop (marked with £££) What do you guys think? Please leave a comment and like the idea! :)