DeGRAM | USDCHF at strong resistence USDCHF is approaching a confluent level.
Price action is testing a strong resistance level and it shows a divergence.
We might see a short-term pullback.
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Usdchfsignal
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.95807
TP: 0.96883
SL: 0.95096
Bias: Long
Currently the price pattern of this instrument is pointing towards a bullish directional bias. The overall trend and momentum is not of high probability opportunities but there is still a ray of hope for a bullish trade.
USD/CHF uptrend could face some resistance at this levelUSD/CHF is in a continuous uptrend for the last few days. However, price is reaching a key
level where it could face some rejection.
0.9640 is an important level for both the bulls and bears. But, there is a likelihood of a price
rejection at this level.
My recommendation for traders is to wait for some bearish candlestick formation in this level.
If bearish candlestick formation takes place, selling USDCHF@0.9640-0.9660 with SL above 0.97
and TP at 0.95 would be potential sell trade.
USD/CHF create bearish butterfly pattern. Short sell, long buy
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DeGRAM | USDCHF retracementUSDCHF is pulling back after retesting the major support level .
Price action is approaching a confluent zone. Look left structure leaves clues.
We are considering selling if price gives us a entry signal such as fake break.
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USDCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.