Hi guys, this is the hourly chart on USDCHF. I'm interested in buying this cross and i'll briefly explain why: first of all, price is testing a key structure level that proved to be strong in the recent past. Then at this level also happens to be the completion point of an AB=CD pattern. In the 4H timeframe RSI is in oversold condition (additional clue). Here you...
LOOKING AT THE USDCHF D1 CHART, I'M MT BULLISH BIAS AS HIGHER HIGH & HIGHER LOW ON SIGHT. BESIDES, EMA 20 & 50 PLAY ROLE AS MY SUPPORT AS WELL. THUS, MY USDCHF LONG POSITION TRIGGERED ON 1.0030 WITH A STOP AROUND 0.9960 AND TARGETING 1.0230 REGION. HOWEVER, IF USDCHF COULD DROP LOWER THAN 0.9950 REGION WITH A STRONG SHAVED BAR, IT WOULD NEGATE MY MT BULLISH BIAS...
There is a uptrend in USD / CHF pair. Set entry level - 0.99386, TP - 0.99686, SL - 0.99086
USDCHF BUY SETUP 4 Target Ready for HIt
Bullish Cypher Completed Entry: 1.0260 SL: 1.0233 (-27) TP1: 1.0283 (+23) TP2: 1.0290 (+30) TP3: 1.0298 (+38)
Bullish Bat Setup completed on USDCHF #1H Entry: Market or 1.0228 SL: 1.0203 (-25) TP1: 1.0268 (+38) TP2: 1.0282 (+52) TP3: 1.0296 (+67)
long position : 0.9939 Stoploss : 0.9896 (43 pips) Take profit : 1.0075 (136 pips) R/r ratio = 1 : 3.72
USDCHF Poised to go up. There are many reason why we feel USDCHF may rise. 01. It could not touch quarterly sell level. 02. Hammer & Bullish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it has to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) clearly states the USDCHF may rise. 05. RSI(14,CLOSE) Is also of...