Future Potential Long USDCHF Based on Daily + Weekly ChartsUSDCHF 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. Trading on leverage involves risk of losses greater than deposits.
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Usdchfbuy
USDCHF profit target reached perfectly, prepare to sellSell below 0.9592. Stop loss at 0.9623. Take profit at 0.9540.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We now prepare to sell below 0.9592 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 0.9540 support (Fibonacci extension, Elliott wave theory).
Stochastic (34,5,3) is seeing major resistance below 97% where we expect a drop from.
Traders Dynamic Index has crossed below our signal line (red) while it’s near our upper band signalling that a bearish move is expected.
Long on USDCHFHey guys,
i'm trying to be the more short i can since this is happening right now. Double bottom with break of structure down on lower timeframes in a nice structure level. Stops below the lows, targets as shown. If you're aggressive you can swith target1 to target2 and let it run.
If you have questions or ideas, share below.
Otherwise, see you in the next chart!
USDCHF LongHey guys,
i'm trying to be the more short i can since this is happening right now. Double bottom with break of structure down on lower timeframes in a nice structure level. Stops below the lows, targets as shown. If you're aggressive you can swith target1 to target2 and let it run.
If you have questions or ideas, share below.
Otherwise, see you in the next chart!
Double Bottom at Structure (USDCHF analysis)Hi guys,
this is the hourly chart on USDCHF. I'm interested in buying this cross and i'll briefly explain why: first of all, price is testing a key structure level that proved to be strong in the recent past. Then at this level also happens to be the completion point of an AB=CD pattern.
In the 4H timeframe RSI is in oversold condition (additional clue).
Here you can see price is founding some troubles breaking through this level, and it has actually formed a nice double bottom with RSI divergence.
Stops below the low, targets as illustrated above.
If you have any question or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
USDCHF LONG TRIGGERED ON SUPPORT + SNDLOOKING AT THE USDCHF D1 CHART, I'M MT BULLISH BIAS AS HIGHER HIGH & HIGHER LOW ON SIGHT. BESIDES, EMA 20 & 50 PLAY ROLE AS MY SUPPORT AS WELL. THUS, MY USDCHF LONG POSITION TRIGGERED ON 1.0030 WITH A STOP AROUND 0.9960 AND TARGETING 1.0230 REGION.
HOWEVER, IF USDCHF COULD DROP LOWER THAN 0.9950 REGION WITH A STRONG SHAVED BAR, IT WOULD NEGATE MY MT BULLISH BIAS ON USDCHF.
USDCHF LONGUSDCHF Poised to go up.
There are many reason why we feel USDCHF may rise.
01. It could not touch quarterly sell level.
02. Hammer & Bullish Engulfing pattern in daily Chart.
03. To rise and clear quarterly targets it has to come down to gain momentum for up move.
04. Stoch RSI (3,3,14,Close) clearly states the USDCHF may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the above indicators in view along with the chart pattern we expect USDchf to rise. Our Buy call shall be from Buy above:.9919 with a SL @: .9889 Tgt01: .9992 Tgt02: 1.0025 Tgt03: 1.0127. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.