Usdchf, might expect some pullback..ButHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
But in general for Usdchf i am looking to long
Do check out my stream video for the week to have more explanation in place.
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Chf
USDCHF - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCHF has been overall bearish, trading within the falling channel in blue.
Currently, USDCHF is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a resistance marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the blue trendline and green resistance.
📚 As per my trading style:
As #USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF:Potential Upsides as we approach the FOMCHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 088400 support and resistane area
adding a fundamental layer, the last CPI and PPI both came hot and the labour market is solid, if Fed goes hawkish as anticipated we may see USDCHF breaking previous highs.
Trade safe, Joe.
USDCHF Short IdeaMARKET PHASE
OANDA:USDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 0.88378. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:USDCHF with the following parameters:
Sell Limit: 0.88378
Stop Loss: 0.88543
Take Profit: 0.88048
CADCHF Short IdeaMARKET PHASE
OANDA:CADCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 0.65272. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:CADCHF with the following parameters:
Sell Limit: 0.65272
Stop Loss: 0.65397
Take Profit: 0.65022
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8830, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8798 and 0.8770. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
USDCHF Struggling on the 1W MA50. Long-term bullish above it.The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on the week of October 31 2022, which was during the previous Top on the Lower Highs trend-line of the 8-year Bearish Megaphone pattern.
As a result, as long as the pair fails to close that weekly candle above the 1W MA50, we 'have' to stay bearish on the medium-term, targeting just above the 0.786 Fibonacci retracement level at 0.8500.
If however we do get that 1W closing above the 1W MA50 delivered, we will turn bullish long-term, despite the presence of the Inner Lower Highs and the 1W MA200 (orange trend-line), as in early 2021, and target the top of the Bearish Megaphone at 0.97000.
Notice that this scenario attracts stronger probabilities as the 1W RSI has been on a Bullish Divergence from oversold territory since the December 25 2023 Low. This Divergence is similar to the bottom formed on the January 04 2021 candle.
Observe also how efficiently the Sine Waves have grasped the Tops and Bottoms of this Bearish Megaphone. Right now they show we are on a bottom formation.
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👇 👇 👇 👇 👇 👇
USD CHFMy analysis on USD CHF, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
Felt weakness in GbpChf..lets see..ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for this sideway on h4 to breakout...lets see...
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
USDCHF:Hot CPI and Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.87800 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.87800 support and resistance area.
Trade safe, Joe.
Swiss Franc can exit from pennant and continue fall to 0.8700Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price reached the resistance line of the downward channel, after which CHF rebounded down and declined to the support line of the channel, breaking the 0.8635 level, which coincided with the buyer zone. Then the price turned around and entered the pennant, where it made a strong impulse up to the resistance level, exiting from the downward channel and breaking the 0.8635 level one more time. After this CHF broke the 0.8820 level, which coincided with the seller zone, but soon it turned around and fell back and some time traded very close to the resistance level. Later, the price started to grow back and in a short time, CHF reached the 0.8820 level again, broke it, and rose to the resistance line of the pennant. But soon, the price rebounded from this line and declined to support line of the pennant, thereby breaking the 0.8820 resistance level again. After this, the price bounced from the support line and rose to the resistance line of the pennant, where, at the moment, CHF continues to trades near. In my opinion, the Swiss Franc can fall to the support line, after which it at once will bounce to the resistance line and then CHF can make an impulse down, thereby exiting from the pennant. For this case, I set my target at the 0.8700 level. Please share this idea with your friends and click Boost 🚀
USDCHF AnalysisHello traders I have conducted an analysis on USDCHF, as you can see the market has been on a down trend for the past few months and I think it will continue doing so as it showed huge rejection candle on the current zone so now this current zone will act as resistance as price showed before that this zone is valuable as it was acting as support in the past months. So now I will keep on looking for bearish trades until it reaches the last zone then I will look for buy opportunities. So what do you think traders on this one?
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Setbacks should be limited to yesterday's low.
Our short term bias remains positive.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
The dip was bought into but, the rally has also stalled.
We look to buy dips.
50 4hour EMA is at 0.9583.
We look to Buy at 0.9583 (stop at 0.9561)
Our profit targets will be 0.9638 and 0.9648
Resistance: 0.9600 / 0.9620 / 0.9632
Support: 0.9575 / 0.9560 / 0.9545
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gbpchf pretty extended, long with careHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Still looking to long but long with care...
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
CHFJPY: Is the high in?Starting to see Yen strength materialise, with the BoJ looking to get out of the current cycle.
Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week.
We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down.
Starting this week with the CHF PCI data this Tuesday, expecting to start seeing signs of cuts from the SNB so this could be a cross that moves.
Audchf somemore upside?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
pullback could be in place but likely to look more to the upside and taking longs on pullbacks
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
HelenP. I Swiss Franc will turn around and start to riseHi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see how the price some time ago tried to rise to the 0.8850 resistance level, but later it turned around and in a short time declined to the trend line, thereby breaking the 0.8780 support level, which coincided with the support zone. After this CHF started to rise, and soon it reached support level and broke this level again. Then price rebounded a little up, and then started to decline back to the 0.8780 level. After this movement, CHF made impulse up to the resistance level, which coincided with the resistance zone and even soon broke it and rose to 0.8890 points. But then price turned around and in a short time declined below the resistance level, breaking it one more time, even later CHF tried to back up, but when the price entered to resistance zone Swiss Franc rebounded and made an impulse down to the trend line. At the moment, the price trades below this line and I expect that CHF will decline more and later turn around and start to move up. That's why I set my target at the 0.8830 level. If you like my analytics you may support me with your like/comment ❤️
Sell GBP/CHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1222, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1151 and 1.1108. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1252. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 0.9588.
The sequence for trading is higher highs and lows.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 0.9589 (stop at 0.9567)
Our profit targets will be 0.9644 and 0.9654
Resistance: 0.9622 / 0.9635 / 0.9650
Support: 0.9579 / 0.9565 / 0.9550
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern.
Key Points:
Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break above the upper trendline signifies a potential bullish breakout.
Buy Entry: Consider entering a long position around the current price of 0.8850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following levels:
0.8916: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
0.8953: This is achieved by adding the height of the triangle to the breakout point. These targets act as potential resistance zones that could see buying pressure.
Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 0.8830. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you