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Usdchfoutlook

USDCHF turn bullish with long term resistance brokenBuy above 0.9958. Stop loss at 0.9900. Take profit at 1.0044. Reason for the trading strategy (technically): Price has broken our long term descending resistance-turned-support line signalling a change in momentum to bullish. We turn bullish above 0.9958 support (Fibonacci retracement, horizontal overlap support, pullback support) for a push up to 1.0044 resistance (Fibonacci retracement, swing high resistance). RSI (55) has made a bullish exit similar to the one seen in price and is also above ascending support.
Long
by theforexarmy
USDCHF - 3 Trades on the horizonUSDCHF, like many of the USD pairs has exploded up to 1.382 extensions and so I am looking ahead to my final target of longing the USDCHF up to 0.98600. Trade #1: I will wait for price to retrace back down to 0.97125 before looking to go long for 50 pips. Trade #2: Once price hits 0.97650 I will be looking for reasons to short back down to 0.96860 for 80 pips. Trade #3: If the signs for a decent long position present themselves then I will look to take profit around 0.98600 for +175 pips. The risk to this longer term outlook is a quick resumption of the recent bullish trend at the 382 fib level located at the 0.97300, with that target then being 0.98900. What are your thoughts on USDCHF?
Long
by Mase_00_7
(USDCHF) Daily - speculation & analysisWe have an on going wedge for the past year, I had earlier forecast a downfall in this pair which didn't happen. The downfall is still a possibility, if we break the yellow trend line, am expecting a drop to the bottom of the wedge. We can also head to "No man's land" in which we can hit the top of the wedge and come back down again, or break it and head up, if we do break it, I will wait for consolidation and buy long term. Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. ------------------- Mongers Kit is complete traders toolbox, with all the data and news you need to have successful trades. Mongers Kit is packed with features such as : 1) order flows in real time. 2) current open positions from 4 different brokers. 3) real time news update. 4) TV and Radio to your favourite channels (Blomberg, CNN, ABC, etc). 5) Dynamic sessions - see all the rises and falls in each session. and much more, get your kit now at www.mongerskit.com If your my follower, you get 20% discount on your purchase of Mongers Kit. Contact me for more details.
by OG-Tellz
USDCHF Sell Set Up @ 0.99 PullbackECB meeting caused a breakout for the otherwise sideways trending Dollar Swiss. The downside is now open with an opportunity to enter short via a 4HR candle entry on a pull back to the 31.80% fib level (0.98893) or a re-test of the short term trend line. My entry criteria is an exhausted re-test or the stated fib level or trend line. Two target zones are present which are the longer term trend line around (0.98000) and further down to the previous low at the 100% fib level (0.96623).
Short
by Elliot_Myers