USDCHF

Am I the only one stupid enough to have been trading this for two days?

What is your direction?

im short, been up 10 down 10 for days now

In monthly channel its pure down but I don't believe chf pair :-|

well, it doesnt really matter to me, i win whatever it does. but the tred is down and i was looking for a stop hunt below the lows maybe shoulda closed at +10 and got out - i've missed so many other trades whilst holding this one.

I am long since yesterday´s double bottom on H4 which has now become a triple bottom. TP: 0.9000 which I think needs to be tested before any further move down.

confucious he says, he who picks bottoms gets stinky fingers

close mu short

I've closed now for +2 just so i can trade something else lol.

allthough i might call it quits for the year now - settlement looms for the big guns and i dont really want to be around - plus the wife want to go Christmas shopping!

Me too.

Covering my long at the 0.883 mark for a retracement. Looking at the big picture, I believe the bottom is in. (1.618/2-2.24)

Will SNB allow this to test 2011 lows of 0.7800 before major intervention?

USDCHF
Daily time frame
Descending Broadening Wedge Pattern
Upward price movement Indicated
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Bullish breakout in the 1HR structure, I would be cautious.

Watching how it reacts to the daily resistance

USD/CHF Opportunity to short now.

USD/CHF broke 1st resistance @ 0.9403 to hit 2nd resistance @ 0.94860

I have gone long on USD/CHF. I think the downside is limited to 0.9180 and at that point, it will form a double bottom and could complete a W recovery. Long on USD/CHF at 0.9198, targeting 0.9300s area. I'm hopeful it will work out.

Having a short in USDCHF 0.92016 Target at 0.9155

Longterm trade idea for usdchf...

Buy via price action at 0.914-906
Be careful as price may test low at 0.875
Confirmation occurs near 0.922
TP at 0.965

This is a weekly outlook. I give this setup 120bars which is 840 days or 2.3 years
I will be back later

USDCHF Daily Outlook

Ichimoku analysis (Hourly chart) Tenken-Sen- 0.90797 Kijun-Sen- 0.90619 USDCHF has recovered sharply after upbeat US inflation data. . The US CPI rose by 0.8% in Apr much better than the forecast of 0.2%. The annual inflation surged to 4.2% in Apr from 2.6% in Mar, the highest level in 13 years. The US 10-year yield surged more than 6% from yesterday's bottom 1.609%. DXY is facing strong resistance at 90.80(200-H MA), any violation above will take the index to next level till 91.40. Markets eye US jobless claims data for further direction. The intraday trend of USDCHF is slightly bullish as long as support 0.90350 intact. The long-term trend is still on the downside as long as resistance 0.94725 holds. Intraday day outlook: Trend- Bullish The pair is holding above 100-H MA, Tenken-Sen and Kijun-Sen. The pair should break above 0.9075 for further bullishness. Any jump above 0.90750 will take the pair to next level to 0.9090/0.9120/0.9165. On the lower side, near-term support is around 0.8980. Any dip below that level targets 0.8870/0.8830/0.8750. Indicator (Hourly chart) CAM indicator – Neutral Directional movement index – Neutral It is good to sell on rallies around 0.9048-50 with SL around 0.9090 for a TP of 0.0.8850.