In this analysis, we can see that the #USDCHF is rejecting the upper trend line. After consolidating for a few days around this resistance zone (1.0200-1.0230) I am expecting the 3rd rejection off this region with a daily closure under 1.0200 where then we should see a bearish wave downwards in the coming days, weeks. The DXY has also posted a very strong push above the 98.00 level, I am expecting a pullback before any continued movement upwards with USD/xxx pairs.
Short USDCHF
Type: Swing Trade
Sell: 1.0210
TP1: 1.0160
TP2: 1.0120
TP3: 1.0070
TP4: 1.0000
Stop Loss: 1.02400
RR: 1:5
(40 pip risk, 200 pip reward)
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Short USDCHF
Type: Swing Trade
Sell: 1.0210
TP1: 1.0160
TP2: 1.0120
TP3: 1.0070
TP4: 1.0000
Stop Loss: 1.02400
RR: 1:5
(40 pip risk, 200 pip reward)
Please keep note that Forex is a very volatile market and literally anything can happen at any moment, the trade signals provided here are suggestions only*
- If you would like to join our subscription service to receive daily/weekly Forex signals please sign up at:
- profitinpips.com
We have professional and standard chatrooms available!
Thank You
Nota
Take Profit 1 hit +50 pipsNota
TP 2 Hit +90 pipsNota
TP 3 Hit +140 pipsNota
TP 4 Hit +210 pips
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.