Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/CHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
30 minutes timeframe:
The market is still moving in a correction wave and has been following a descending channel since a while. It’s currently approached again on a strong major key level and as you can see on the chart, the most trading activity is on the higher part of this channel, usually a sign of weakness and a sign that possibly the channel could finish soon!
When, where and why would I step into the market? In higher timeframe, there are few rejections on the current level, and the price will may get another bounce on its dynamic trendline (see daily and 4h charts). Before entering long in this trade I will be waiting for the price leaving the channel and switching the intraday perspective from bearish to bullish with a RRR of 1:2 or greater. My SL would be below the support level and the TP on the upper trendline on the 4h chart. Any breakout to the downside will invalidate this trade idea and no action will be taken on this market!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly, Gianni
DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
@DECRYPTERS, Market changes every time, that's not a prediction, it's a market analysis :) As a wrote below the description, any breakout to the downside would invalidate the trade idea! However, 0.91000 is still a zone with strong demand, it would possibly push the up again! let's see the weekly performance :)
UnknownUnicorn18552923
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@DECRYPTERS, At the moment, I'll rest in peace! ahah
DECRYPTERS
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@Digital-InveSpec, I was actually talking about the current moment lol xD
UnknownUnicorn18552923
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@DECRYPTERS, definitely! I saw that, very strong bearish movement! fortunately I didn't have any long position yet! :D