On the daily and 4 hour time frame USDCHF shows short of the same channel at which is now at the bottom range. The price target at the upper range is also almost identical. So this would be a nice setup to go for a buy! TP: 0.9650 SL:0.9460
Buy above 0.9527. Stop loss at 0.9500. Take profit at 0.9593. Reason for the trading strategy (technically): Price has dropped strongly after making the bearish channel exit. We prepare to buy above strong support at 0.9527 (Fibonacci extension, bullish price action, channel exit potential) for a push up to at least 0.9593 resistance (Fibonacci retracement,...
Buy above 0.9606. Stop loss at 0.9591. Take profit at 0.9569. Reason for the trading strategy (technically): Price has reached our profit target from Friday and has started to bounce off nicely from our buying area yesterday as expected. We remain bullish looking to buy on dips above major support at 0.9606 (Multiple Fibonacci extensions, horizontal swing low...
Buy above 0.9606. Stop loss at 0.9591. Take profit at 0.9569. Reason for the trading strategy (technically): Price dropped absolutely perfectly from our selling area last week and is fast approaching our profit target. We prepare to buy above major support at 0.9606 (Multiple Fibonacci extensions, horizontal swing low support) for a push up to at least 0.9659...
Sell below 0.9687. Stop loss at 0.9741. Take profit at 0.9602. Reason for the trading strategy (technically): Price shot up yesterday and is now testing major resistance. We prepare to sell below major resistance at 0.9687 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.9602 support (Fibonacci extension,...
Hello Traders, Tonight we look at USDCHF and it's price action with a Quarters Theory approach. As you can see from the chart it has failed to pass the hesitation zone TWICE. This is a perfect setup, and will give us a price rejection back into the channel that price is currently moving in. My expectations is that it will meet the 200MA at the 0.964 price point....
Buying once we break the yellow trendline and close above the green minor resistance in 4 hour time frame.
USD/CHF is @ a confluence of Support. Confluence Parameters are: 1. Monthly Triangle support. 2. Weekly Gartley support. 3. Daily Falling Channel Support. 4. Monthly MACD regular bullish divergence. 5. Monthly, Weekly & Daily Stoch RSI "Over Sold". I won't think for any more reason for taking a buy position. Trade Safe. :)
USDCHF is fast approaching a Major Support Zone where on the daily timeframe we have seen price reverse many times. I am watching this pair mature now as it gets closer and I will be analysing across multiple timeframes. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk....
Sell below 0.9734. Stop loss at 0.9756. Take profit at 0.9675. Reason for the trading strategy (technically): Price is now testing major resistance at 0.9734 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to drive price down to at least 0.9675 support (Fibonacci retracement, horizontal swing low support,...
As what you all have already known, I am a big fan of the Fakey setup as this is a strong signal which follows a strong movement day after. From yesterday's session. the USDCHF Forex pair has formed a fakey bar by easily erasing the losses made during yesterday's Asian session. For those who do not know, Asian sessions are mostly 'fake' movements. I need not...
USDCHF trade idea...Seems a correction from the heavy sell of chart forming elliot wave12345 pattern ..we can see chart is about to complete wave 3 and wedge formation is a sign of trend is coming to an end once the market breaks out the wedge will reach the 38.2% fibonocci ratio and may took a sell of as many sellers are sitting over there...I would note nter...
Watching the swiss franc for a bounce off a symmetrical low that was put in last week. My trigger is an entry after the break of the previous week's high and a stop beneath the low. The expectation is to run up to another fib level in a 61.8% level from a recent down move.
I would base this mainly off hidden divergence, and break of a daily trend line. there is a possibility of a reversal but this is a pivotal region so lets see. Any bad macro news for June rate hike only should trigger this move . Long term Upside from 0.965xx region.
IM EXPECTING USDCHF TO BUY LONG TERM 4HR CHART