6S1! trade ideas
Swiss Franc Futures Completes a Wave BAs commented on last Friday 09, the Swiss Franc Futures completed a wave (B) of intermediate degree at 1.0384 activating the start of a wave (C). Follow with us what to expect from this new cycle.
CHF - Running into resistance.CHF running into resistance... This lines up with CHF pairs approaching key support levels. See related ideas....
Swiss Franc - It's Time for Risk-On?This week, Swiss Franc futures soared again boosted by trade war fear, but the next question is it's time to take the risk back?
SMMSwatch barrier major pair currency Long Good
match Good
se. Good
i'm take Long order 0.01 lot.
Management ATR(60) X 3 = SL
BULLISH FOR THE SWISS FRANC Price made a bullish run and met resistance before the Swiss Franc pulled back bearish (50% fib level) to the point of support where price is currently trading. From this level, price has the potential to move Bullish to the price level i have marked with the green horizontal line which is 100% of the 50% fib retracement.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Risk exposure - 1%
Risk to reward 1:2
CHF futures looking like it wants to dumpTo me it looks like CHF want to go and fill in that big gap just like the EUR already did.
Reasons for it to back up this idea:
- Well Gaps like to be filled most of the time
- HTF Bearish MS now testing the 4h -OB
- You say they ran stops above that 4h ob tight before we dumped so that is bearish
- Stops ran on the 1h double top (you would see it better on the 15 chart)
Imo you could short it now already but if you want extra confirmation like i am. Then i would wait for it to get a close under that 1h ob that will become breaker once we close under it. ( yes i put breaker in the chart but right now its still just a 1h ob but i fully expect it to become a breaker soon)
So when trading under that level i will be looking at all the CHF pairs for short ideas
SWISS (CHF FUTURES) Weekly Analysislooking at the structure of the swiss, selling might not be the best option right now. with price very low into the squeeze and price in weekly demand (tested) might see a stronger swiss over the next bit on the higher time frames. its important to know who is taking the opposite side your your trade.
SHORT SWISSShorting the swiss on it lagging on the euro a little + it's at a very good place to short with a easy stop loss to place. Good risk reward
SWISS FRANC FUTURES (MAR 2019), 1D, CMETrading Signal
Long Position (EP) : 1.0117
Stop Loss (SL) : 1.0099
Take Profit (TP) : 1.0153
Description
S6H2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (1.0117) and place stop after 0.618 level (1.0099). Once the position was hit, place take profit before an agreement (1.0153)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-$ 12.50/std-contract
Commission fee = -$3.34/std-contract
EP to SL = $0 = -$225
Contract size to open = 13 standard contracts
EP to TP = $0.0036 = +$450
Expected Result
Commission Fee = -$43.42
Loss = -$2,925
Gain = +$5,850
Risk/Reward Ratio = 1.96
Buy S61! @ 1.0188Buy S61! @ 1.0188
Although price is still below SMA 150 and 200, short-term trend is up price above SMA50 and RSI14 just crossed above 60 on daily TF.
SWISS FRANC FUTURE - WEEKLY chartSome art here - Swiss franc is on its way to 1.00 and then below. Look for selling opportunities.
CHF short setupSwiss Franc currently in a clear down trend from daily/weekly perspective... 1.0500 proved to be key price level where institutional buyers/sellers were strong. Last time the level was tested, the price drops down significantly and I'm expecting another test of this price level. If price would reach this area again, it will probably be also 2nd touch of daily bearish trend line. Definitely best possible price to sell with enough space for down trend continuation offering positive risk reward.
Sell limit : 1.0500 ( or little bit below)
SL: 1.0600
PT: 1.0300
RRR: 1:3
Swissy Price Equilbriumthe Swissy that always magic shoot up can it happen again in the future ??? ..., trying to catch the shoot up of the Swissy :))))
Complimenting my USDCHF forecastOn the technical perspective, I think this will confirm a rebound for USDCHF as the index shows in here. Check my USDCHF chart for more details
This may give a strong rebound for USDCHF within the weeks to come.
