Should price action for the USDCHF remain inside the 0.8840 to 0.8880 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 0.8860 Take Profit Zone: 0.8740 – 0.8760 Stop Loss Level: 0.8920 Should price action for the USDCHF breakdown below 0.8880 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.8740...
The USDCHF has formed a rising wedge formation and the most recent candlestick patterns point to another top for this pair. The highs reached are lower than the previous high and the most recent correction right before the spike set a lower low which further indicates that this safe-haven trade is ready to correct to more normalized levels. MACD did show strong momentum behind the sharp central bank (in)action which should ignore as those events cause only a temporary disruption before the price action continues back to reality...
Should price action for the USDCHF remain inside the 0.8830 to 0.8850 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 0.8840 Take Profit Zone: 0.8770 – 0.8780 Stop Loss Level: 0.8870 Should price action for the USDCHF breakdown below 0.8830 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.8770...
Should price action for the USDCHF remain inside the 0.8730 to 0.8760zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.8740 Take Profit Zone: 0.9070 – 0.9100 Stop Loss Level: 0.8610 Should price action for the USDCHF breakout above 0.8760 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 0.9070 – 0....
Should price action for the USDCHF remain inside the 0.8860 to 0.8890 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 0.8880 Take Profit Zone: 0.8710 – 0.8740 Stop Loss Level: 0.8960 Should price action for the USDCHF breakdown below 0.8860 the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.8710...
