Forex Analysis – USDCHF Potential Retrace Setup
Drawing on some key support levels, USDCHF is positioned to test these levels. 1.0082 1.00814 On a long term 1week time-frame, USDCHF has broken out from consolidation. Lower highs and higher lows have described the price movement from early 2015 until Nov 14th of this year. a long term uptrend may be in the future. For an aggressive trade, the stop loss can be set lower, potentially to .99441, another key support level. My stop of 1.002 is near the 20EMA line of strength. If the retracement bounces off the 1.00814-1.006 range, it’s highly probable that price will retest 1.019 range.
In Other View Point – USDCHF H4 Short or why im long now on eurusd
USDCHF have had a triangle, he broke it to the upside but the retest wasn’t succesfull! we ar once more in the triangle and currently we re doing intern retesting. if we rest in triangle its a bearish sign and we might break the Triangle to the downside. if usdchf fall eurusd will raise to 95 the worries.
In Another View Point – Sold USD/CHF, looking for parity
Technically Speaking you cannot see it on the chart but the two level has been a good level to sell against in the past. I sold at 1.0170, stop at 1.0215. Initial target is 1.0000. Here is my checklist i’m going through before taking a trade. is this trade price taking? * where is the R/R right now? Is it obvious? * is the market trending or ranging in the time-frame you’re watching? * Is price presently at a level that’s obvious to all market participants? remember, it’s their orders which will push your trade to profit or loss. What ar other traders seeing? * what’s the price action? Is it obvious? * What would you regret more, passing on the trade and watching it go for 100’s of pips without you, or losing a small maximize your account? In my experience, mistakes of omission ar far more painful than mistakes of commission. after thinking through these questions, is that this a trade you’d like execute?