USDCHF - LONG BIASHi Everyone,
I have just entered a buy position in USDCHF to hold until next order block above on the 1H Timeframe.
It does look like a rising wedge, but it has failed to break below recent support & order block around 0.964 area, so I think it needs to visit 0.9700 key level to grab more orders and then it will be ready for the next move.
This trade has also the fundamentals in its side, which helps to increase the probability of hitting take profit.
If you have another view, let me know in the comments below!
Thanks,
Gaspar_Trader
Usdchflong
USDCHF - Short from here ✅Hello traders!
‼️ This is my analysis on USDJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and could reject from bearish orderblock + institutional mid figure 0.93500.
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USDCHF - Daily Trade Idea - 13-Dec-22USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF 4h UpdateAs I said we needed confirmation on that black area for Long position and it didn't triggered but the price reached the blue pattern from below and I believe we have confirmation now. According to PPI report, I await for rising DXY and on the other hand we will see a drop on Gold and BTC.
USDCHF - Daily Trade Idea - 12-Dec-22USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - Daily Trade Idea - 7-Dec-22USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - CURRENT SITUATION#USDCHF
- At this point USDCHF is slightly UP. The reason for that is that with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US.
- Currently, the MARKET is becoming RISK ON, so the CHF is a bit WEAK.
- There is definitely a high chance that USDCHF will go UP a bit more and move to 0.9521 LEVEL. Anyway, the price of USDCHF can go down to 0.9000 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
USDCHF - Daily Trade Idea - 6-Dec-22USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - Daily Trade Idea - 30-Nov-22USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - Daily Trade Idea - 29-Nov-22USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF Buying Opportunity | 24/11/2022- On the H4 timeframe, USDCHF price is approaching a support zone at 0.94000 and we expect an upside retracement to the resistance zone at 0.96200. We have placed a stop loss at the next support level at 0.92800.
- Although gloomy US economic data and confirmation from the Fed that it will slow the pace of rate hikes from 75 bps to 50 bps in December pushed prices further down on 23 November, the news was in line with long established market expectations which had already been factored into prices. This indicates that the subsequent dip in price was the result of overselling that lacked a fundamental basis. We thus expect a price correction in the form of an upside rebound.
- Technical indicators all support our bullish bias. Stochastic RSI is in the oversold region. The PPO (red line) has crossed above the signal (blue line) from below. Price has violated the lower bound of the Bollinger Band where a break above the middle band could provide confirmation to the upside in prices.
- On the higher weekly timeframe, the overall upwards trend is confirmed by an inclined trendline.
- On the smaller M30 timeframe, we note that an upside price reversal has already taken place, following a period of consolidation. A falling wedge was also formed with a break to the upside, supporting the bullish bias.
Buying USDCHF at market.USDCHF - Intraday - We look to Buy at 0.9532 (stop at 0.9501)
Previous resistance at 0.9530 now becomes support.
We look to buy dips.
Short term bias is mildly bullish.
Our profit targets will be 0.9609 and 0.9619
Resistance: 0.9580 / 0.9600 / 0.9620
Support: 0.9560 / 0.9530 / 0.9500
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