USD/CHF

Very bad week for the USD/CHF bulls.

I see a head and shoulders on H4, so my target is 0.96900. I have no problems anyway building up buys below this level as i can collect on the positive swap and worst risks are covered by keeping a sensible lot sizing

Perfect result, I love it when a plan comes together. All my buys in profit and closed out.
Will wait to reload on any pullbacks, but USDCHF is great to trade at these levels.

The pair was really hard to trade this week. Still no clear direction.

USD/CHF went up a bit this week, i expect this to continue in the week ahead.

USD/CHF reacted bullishly to the NFP and Jobs data on Friday and is now on its way to the upside. Interesting to see how the week goes.

this one is not going anywhere

ucad.

Good correction to the downside. Expecting some more next week.

Per trade over %1

Short term BUY opportunity on USD/CHF.

Frank is in wave 4, making an upward correction. Since the rise start we have counted
five waves up, it means, that rise will continue after some pullback. The form of this rise
is supposed as sequence [a]-[b]-[c] with a currently awaited wave [c]. This move up may
be a part of wave 4 or the whole wave 4, it does not matter now, US dollar will rise any-
way.

First move has a reliable enough impulsive form, pullback is deep enough, and we

could BUY US dollar against frank at the current price to use the next wave [c] up.

Close this BUY at the end of wave [c]. We prefer to not use stop loss and to not buy much.

Track our short term view for USD/CHF to find the end of wave [c] and close your BUY.

USD/CHF short term BUY from 11 august 2017.

Three waves up - correction [a]-[b]-[c], wave [c] is in a mature state.

Probably, correction [a]-[b]-[c] on frank tries to reach its usual target - to return
to triangle start. This [a]-[b]-[c] is near its end. And, probably, wave 4 on USD/CHF
is a flat surface and we see its first move.
Frank's correction unfolds as [a]-[b]-[c] sequence, we wait for the fourth and the
fifth waves in wave [c]. Any rise above wave (iii) top in wave [c] and we close our
BUY, which we have opened at the end of wave [b]. Wave 4 on frank may be a flat
surface.

For scalpers tp: 0.97570 sl: 0.96900 depending on my fibonacci expansion, moving averages 8, 14, 26, the price is over the levels now, uptrend, rsi still positive under overbought, should see hit the profit

Five waves up and correction. We suppose current rise has [a]-[b]-[c] form, first rise is
wave [a], wave [b] has a triangular form and now we wait for wave [c] up. Wave [c]
may end somewhere above wave [a] top, because this is the start of previous ending
triangle.
Waiting for continuation of USD/CHF rise. We still have an open BUY position.

The pair is in a choppy trading environment. Maybe September will bring clearance.

Hello traders!

I see chf very unpredictable at times.
SNB is known to be a active central bank, but do you think that many of chf chops (like yesterday) are made by SNB?

Just keep buying on dips it is a money making machine
Even if you have to hold for a while you can still make the swap (depending on broker)

Pair seems confused, better wait for brighter days.

Yes... I believe chf having correlation with euro and gold makes it difficult to trade... also SNB interventions may take place, since pair moves often without retracements something like 100 pips...

I'm expecting a move to the downside this week and the next one. I see more potential to the downside.