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Usdchfprediction

USDCHF | Don't miss this Sell Opportunity.When it comes to the technical analysis of  USDCHF , considering the resistance and support areas in higher timeframes, this currency pair is still in downtrend. So we likely to see a strong impulse to the downside as soon as the price finds a strong resistance area, which is the R1 area marked on the chart. So it would be a good area to go short. However, the next supply area is too far from the R1. So if you are going in, make sure to place the stop loss according to your risk/trade. To be on the safe side, before going in, at least wait for the price to break the S1 and retest. First and second targets are also marked on the chart(T1&T2). What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by FX-Storm2022
3
20 reason for sell USDCHF1 Structure analysis time frame h4 2 target base: daily low 3 Current Move bear 4 Entry Time Frame: h4 4.1 Entry TF Structure: bear 4.2 entry move: retracement 5 Support resistance base fair value gap and order block 6 FIB: ABCD retracement and trigger event 7-candles Pattern: Doji 8 Chart Pattern: 12345 9 Volume: dried 10 Momentum UNCONVENTIONAL Rsi: resistance on 60 11 Volatility measure Bollinger bands: sideways 12 strength ADX: sideways 13 Sentiment ROC: sell 14 Final Comment: h4 swing on a daily base 15: decision to sell right now 16 Entry: 0.9965 17 Stop losel: 1.0037 18 Take profit: 0.9479 19 Risk to reward Ratio: 1:7 Excepted Duration :
Short
by Optimum369
1