This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
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)
wave 1 of c just ended, after the end of wave 2 we can buy usdchf with low risk
Note: USD/CHF remain bullish! Now, we need to wait for a bullish signal to long this pair. It will go to new high in 8-years time!
Same as with USDJPY, the appeal of a carry trade will keep pushing USDCHF higher. Let's follow the trend and buy when price retraces to previous resistance/now support levels as depicted on the chart.
buy @ 0.96949 it might be a bit early to look at this since C is still forming at the moment but markets can turn upside-down in a matter of seconds so better be prepared!
A potential good swing setup. After recent bullish trend, there is 1 pull back bar and followed by a bullish pin bar. Good to entry with R/R of 1:2 EP: 1.01557 SL: 1.00646 TP: 1.03050
USDCHF has under-performed in the broad USD rally. Interest rate differentials for both 10 and 2y maturities imply USDJPY should trade above parity. CHF remains a risk sensitive currency but the magnitude of the moves are smaller than for the JPY. Expectations for fiscal easing in the US are helping the USD and risk appetite, which is good for this currency...
FX:USDCHF The Bullish Cypher: Waiting Bullish divergence at structure trend line, Alert or Pending Order suggested @ 78%; Divergence: The Cypher:
4h candle closed nicely on upside. Subtle bullish PVT. Resisted the lines. Daily candle almost at open. Looks like a good place to long, although, might still test the lines. SL below lowest previous test. Let's see how it goes. Disclaimer: these analyses of mine are extremely flimsy.
Should bounce off somewhere around the demand zone. If it breaks the demand zone, then it should bounce long from the monthly trend line
USDCHF - Bullish Crab - 1HR - Long Pattern completed, but still was in oversold for many candles. Needed to wait for RSO to diverge and give us entry Look for RSI to break out of oversold and touch again for the buy signal.
A bullish bat pattern is about to complete with PRZ at support area. Better results : Retail sales and PMI figures for CHF a while ago, pushing USDCHF to PRZ soon. RSI is reaching the oversold level. Market seem to be ranging at the moment, tons to US news coming up the next few days. I will update when pattern completes, trade with caution.
Last week USD/CHF came with 1 pip of parity and has sold off steadily since. It seems inevitable that we're headed higher on this pair so the timing of the entry is key. Having just pushed through support and with signs of the RSI turning north a LONG here with a STOP below .98 may pay dividends. LONG USD/CHF from .9814 STOP .9795 for a 19 pip risk.
Market already hit fib extension 1.272% retracement and RSI already over bought
long position : 0.9939 Stoploss : 0.9896 (43 pips) Take profit : 1.0075 (136 pips) R/r ratio = 1 : 3.72