This is my multi-timeframe analysis of #USDCHF
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter...
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly'...
This broke above resistance and is now retracing to test it as support. Looking for a long entry between 0.382 and 0.5 Fibonacci, can use 1HR timeframe with MACD to more accurately pinpoint when this turns higher.
Above there is a big resistance level so I am setting the TP at the bottom of this at 0.91833 and SL is just below 0.786 Fib
Looking to short this since it has made a retrace back to 0.5 Fibonacci. For safer entry wait for EMA's to cut for short and MACD to remain below 0 which would confirm this is staying bearish.
Target is the low of support at 0.88389
SL is set just above 0.618 Fib around 0.89800 area
This has rejected the resistance level that I marked out in my previous analysis. My medium term target is 0.86993 although this is still in a bullish mood on MACD and EMA's have not yet crossed so we need to be cautious. It may be better to trade this with short term goals to reach to overall target of 0.86993. With this in mind I have marked out 0.89261 as a...
This has retraced nicely to resistance, from here we can short once we see it reject this area. There is a bigger resistance just above, marked by the red zone, so if it does continue higher there will be another opportunity to short with a more profitable target. For the moment we focus on the current resistance though so using 4HR timeframe look for this to turn...