USDCHF on the daily time frame is still bearish ,after taking the liquidity around 0.87924 level mixed with bearish engulfing pattern and momentum candles, expecting a potential bearish move to the downside for a liquidity grab at 0.86624 ,0.87007 or 0.87175 price value
The price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down. I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the...
USDCHF is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 0.87825 Why we like it: There is an overlap resistance Stop Loss: 0.88187 Why we like it: There is a pullback resistance Take Profit: 0.87113 Why we like it: There is an overlap support that aligns close to the 38.2%...
My dear friends , I analysed this chart on USD/CHF, and concluded the following: The instrument tests an important psychological level 0.87679 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Goal - 0.87103 Recommended Stop Loss - 0.88000 About Used Indicators: For more efficient signals,...
Preferred direction: BUY Comment: Buyers confidently continue to move towards the mid-term high at 145. The accumulated volume in the balance sheet allows buyers to move even higher. Thank you for like and share your views!
Preferred direction: BUY Comment: The short-term for the Canadian dollar has changed a little and if you are still in purchases for this currency pair, then it is best to transfer to breakeven, and also do not forget to use a partial fix. However, in the medium term the instrument has a potential move to 1.36545. Thank you for like and share your views!
Preferred direction: Neutral Comment: The previous idea in shorts worked perfectly. Result +2400 points. At the moment, sales are still relevant, there is room to fall, however, a partial fix and, of course, a transfer to breakeven is required. At least a small recovery can be expected soon. Thank you for like and share your views!
Hello,Friends! We are going short on the USD/CHF with the target of 0.866 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
finally got the USDCHF short confirmation. 1H prefect break and retest. now we can focus on below support area and demand zones for sell target
USDCHF formed a bullish flag pattern after a strong bullish impulse. The price was correcting for a couple of days. The resistance of the flag was broken today. Its is a strong bullish signal and it will most likely trigger a trend-following movement. Goals: 0.8793 / 0.8815 ❤️Please, support my work with like, thank you!❤️
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few moments ago price traded inside a big range, in which it reached the top part of the range, bounced down, and started to decline. Price declined to the 0.8950 - 0.8900 resistance area, but soon rebounded back and some time traded near the 0.8950...
#172 Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios....
USDCHF is forming a local bullish trend. Globally - correction. A pattern is forming between the liquidity areas, the breakout of resistance of which can form a rapid rise TA on the high timeframe: 1) A correction is formed after the breakout of 0.8860 level. The growth will continue to the resistance 2) A bullish liquidity area is forming at the bottom, the...
Preferred direction: SELL Comment: Yesterday's trading idea in short gold has already begun to work out. Everything is unchanged here, we stick to the previous course. Also, during the opening of the European session, the same entry point was formed for shorts on silver. This metal is also expected to fall to the level of 22.80. Thank you for like and share...
Preferred direction: SELL Comment: The looking for shorts for the British continues. Previously, our ideas for sell for this currency pair worked out perfectly, you can also find them in the profile. The nearest target of the fall is 1.26989, from where sellers will develop downward movement. There is also a possibility of a false breakdown at the local...
Preferred direction: BUY Comment: This currency pair was looked for a promising short not so long ago, however, the buyer still manifests itself and most likely the growth will continue. Remember that on the market, trader should be flexible! Level 0.87757 is now considered as the first target, which is unlikely to delay the buyer for a long time and the...
Hi Traders👋🏻 The USDCHF Price Reached A Weekly Resistance Level ! Currently, The Price Formed a Head and Shoulders Pattern📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.85700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The price is in the major down channel and forming a ascending channel within the major channel that will help the price to continue further downfall.