USDCHF BUY/LONG DIVERGENCE + HUGE WICKIn this trade we have multiple confirmation for the BUY/LONG:
USDCHF:
Divergence On Daily
Multiple Wicks
Reversal Near Previous Reversal Zone
Magic Magenta Uptrend
Indexes:
DXY(US DOLLAR INDEX)- Showing Signs Of Strength
SXY(Swiss Franc INDEX) - Showing Signs Of Weakness
USE PROPER RISK MANAGEMENT
ALL GLORY BE TO THE MOST HIGH
SMILE AND GIVE THANKS
SET AND FORGET!!!
Usdchfbuy
USDCHF OPPOTURNITY FOR BUY Price currently hitting H1 Demand Zone. We may see retracement after long bearish candle. Price may return bullish after the price bounce back from M15 DEMAND ZONE.
However, one more possibility is price keep bearish until they meet stronger demand zone which is H1 Demand Zone. Then, if the price making bullish movement, we may set
the tp on Swap Zone or the H1 Supply Zone.
USDCHF | More upside? | 18 May#USDCHF 2H | Short-term
This pair has touched the upside trendline 3 times and bounced from it, which leads us to believe that the upside momentum is still strong.
We can also see that the downside trendline (aka. correction flag) has been broken and retested. Which gives us more reason to think that there will be more upside to come on the USDCHF.
📰 Fundamentals to watch:
- U.S. Building Permits
- U.S. Crude Oil Inventories
- U.S. Federal Open Market Committee (FOMC) Meeting Minutes
- U.S. Initial Jobless Claims
- U.S. Philadelphia Fed Manufacturing Index
- U.S. Existing Home Sales
Risk Only: 2-3%
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Good Luck!
Ascending Channel in USDCHFHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As you can see that there is a support and a resistance line, both those lines are taken from D1. The pair is in uptrend right now and our analysis is that it will go up till its resistance inside the ascending channel
Let us know your views on this in the comment section. Thank you all.
There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes
USDCHF Weekly OverviewUSDCHF as far as we are holding above the trend line keep buying until we reach the levels up,as far as the trendline is not broken keep buying those dips and look for continuation ,if we see a strong break below that trendline then we considered the situation as a possible continuation lower but not only a break, you need to see a break.. you need to see a correction ..something strong below the trend line , then start looking to sell,one candle break will not be enough as a break and a trend reversal, that is never enough for something like that to happen.
***Comment your thoughts down below!