USDCHF tested 2 times the support structure creating a perfect double bottom after a long doentrend. According to Plancton's strategy if the price will break above the resistance structure we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
USDCHF - Intraday - We look to Buy at 0.9136 (stop at 0.9115) We are trading at overbought extremes. A lower correction is expected. Pivot support is at 0.9129. We look to buy dips. There is no clear indication that the upward move is coming to an end. Our profit targets will be 0.9196 and 0.9216 Resistance: 0.9200 / 0.9220 / 0.9240 Support: 0.9175 /...
See Signposts on chart for key price action details. Due to how the rally was quite even driven, I am reducing size as I bet on this reversal. Will also be actively managing this in case selling pressure doesn't build up.
Welcome back! Please support this idea with a LIKE if you find it useful. *** USD/CHF - We expect a correction from the sell zone after the current daily impulse move. Be sure to keep this pair on your watch list and follow your entry criteria rules. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the...
Price was pushed into a 1-Touch level due to FED Interest rates last night, most of retail traders are Bullish this pair so this will be used as liquidity to ride price action down to the next hourly level
USDCHF - Intraday - We look to Sell at 0.8999 (stop at 0.9015) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Trading close to the psychological 0.9000 level. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 0.8951 and 0.8931 Resistance: 0.8970 /...
USDCHF - Intraday - We look to Buy at 0.8901 (stop at 0.8883) Bespoke support is located at 0.8900. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended. We look for a temporary move lower. Short term bias has turned negative. Our profit targets will be 0.8953 and 0.8973 Resistance: 0.8950 / 0.8960 /...
USDCHF - Intraday - We look to Buy at 0.8961 (stop at 0.8942) Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. We look to buy dips. We are trading at oversold extremes. Pivot support is at 0.8960. Bespoke support is...
Welcome to our weekly trade setup ( USDCHF )! - 1 HOUR Bearish break below main sr level. 4 HOUR Expecting more bearish pressure. DAILY Overall turning market structure, good short entries! - FOREX SETUP SELL USDCHF ENTRY LEVEL @ 0.89830 SL @ 0.90060 TP @ 0.89360 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us...
Fundamental bias: Bearish 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver of CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely...
- USDCHF holding support - Double bottom on support - Bullish divergence on RSI - Higher lows on higher timeframes - Will place buys with tight stoploss This is a trade idea and not financial advice, use at your own risk! Always wait for confirmation and do not forget your stoploss. We welcome your thoughts and comments! Follow us for more great ideas.
See Signposts for key price action details.
USDCHF is trending to the downside, and we anticipate the movement to continue to recent lows. The CHF unemployment rate data is to be released within the hour, showing the number of people unemployed domestically. Technically the pair has broken trendline support and rejected upside, and we are looking for downside into the 0.8940 level.
due to the chart, price arrived to a major support and we expect reverts to uptrend. you can BUY in pullback after breakout the zone mentioned.
USD/CHF has broken above a bullish Falling Wedge chart pattern, confirming the breakout. This also followed positive RSI divergence , showing that downside momentum was fading. This may open the door to resuming the dominant uptrend from the first quarter, in line with a fundamental view that the Fed may be less dovish than the SNB in the long...
Price is testing 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback support. We could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci retracement and horizontal swing high resistance. Stochastics is also approaching the lower 15.19 support where we could see a bounce, showing...