Usdchfforecast
USD/CHF - 2 Scenario's for a long trade!If the first support level of 0.99500 won't be broken we could see a possible raise to 0.99950
If the support level will be broken we could see a fall to the second support level which is 0.99200
Wait for confirmation of the first support level!
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t.me
USDCHF daily rejection bearish tradeThis resistance line that I drew is largely untested. However, I took this trade based on the overlapping rejection bars. This is another trade that provides a pretty high reward to risk ratio. My stop loss is just 15 pips higher than the upper wicks to account for spreads. While I don't have a clear profit target, I am using the Fibonacci retracment of the 38.2 and 61.8 levels to forecast potential targets. In the meantime, my stop loss will be moved tighter as this pair enters freefall.
USDCHF still in big correction!(30/07/2018)Hello Traders!
Suppose, that correction phase on USDCHF currency pair, is not over.
Accurately predict, decline tendency, to the 0.98500, do not exclude prices 0.98000 & 0.97000.
Next step the price should find the new bottom, then we'll see the series of retest, at last the creation of balance and after that Strong Uptrend!
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Best regards, trader Igor.
USDCHF - BEARISH SETUPHi traders, USDCHF is still Bearish . Don't miss this short. It has a huge potential.
As per my analysis, price action shall further move up to the below targets.
Entry: 0.99322 (or) Entry @ CMP
Take Profit: 0.97883 (TP1) & 0.95823 (TP2)
Stop Loss: 1.00532
Risk Vs Reward Ratio: 2.89
Go short the USDCHF ; Good Luck