USD/CHF

Hard selling. Odd in our favor

My best educated guess on USD/CHF is that it will retrace to its daily 7 sma next week before resuming its downtrend.

Sleepy in here, to wake everybody up....

A fairly sharp gold price level @ .9846 - .9857 for a possible short. Both MAs on the H4 are lining up to support this price area. In terms of long-term technical outlook, this pair is still in a range with a slight downward bias which means we can be on some slight momentum to help us push a possible short into profit. The price action from March 17th on is key here and price has just taken a breather and gone sideways over the last few days. This is good as it will be more likely overbought by the time it hits the level. Given all this, I would be quick to take some profit off the table if a trade is entered into from this level.

What do you, guys, think of these bullish Wolfe waves?

Break of five month old trend-line support might for the USDCHF towards 0.9480

USD/CHF made a new low for big rise ?

http://i.hizliresim.com/7g1v8L.png

I can see two scenarios here – the basic (1) and alternative (2).

which is the right one?

I need to ask all experts about can we really earn on long term basis as swap income in USD CHF...?
Also I need to ask whether Rollover Mechanism need trade to close & re-open....? If yes then whether it must consume spread in both sides & will thus eat swap to give loss or low income...?

If don't look at analysis, I'd sell. Analysis sometimes confuses it seems to me.

Long on 5th wave of multi-months expanding diagonal c, SL @ bottom of 2, target wave a of zigzag.

Good opportunity to buy. I dont know where market goes anyway
H4 global view. H1 entry

I agree. I drew this chart and then found this thread and then found your charts. Doesn't mean it will work though. Good luck! I'm long off .9654. Chart:




* Footnote: Obviously got the lines upside down...

sell usdchf .... go 0.95xx

OK. We just take your word for it?

Price just retested resistance at 0.96854 as well as EMA 21. Price to resume downtrend

dreams comes true....0.95xx.....0.92xx....0.88xx....

Sharing my thoughts process:

-Price respected EMA 21 since 11 March.
-Downtrend ever since
-Stop loss set at 0.96479 (current EMA 21)

i think USDCHF started to reverse direction after touching 0,978xx

Climbing higher on wave a of zigzag, confirms it as 5th wave of expanding diagonal. Long trades active, moved SL to 0.9610