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For the USD/CHF pair, the resistance level at 0.8017 prevented the price from moving higher, pushing it lower. I'm considering selling from this level with a target of support at 0.7943, which also marks the local uptrend line formed earlier on the H1 timeframe.

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the move lower was due to the fed probe news that broke today
Consistency is key
For the USD/CHF pair, the resistance level at 0.8017 prevented the price from moving higher, pushing it lower. I'm considering selling from this level with a target of support at 0.7943, which also marks the local uptrend line formed earlier on the H1 timeframe. {image}
hard sell for dollar today, we can aim figure 79
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chaos is just unknown order
The USD/CHF price continues to move within a descending channel formed on the H4 timeframe. However, there was a previous rebound from the upper side of this channel. If the local uptrend line is broken downwards, the support level of 0.7955 could be the target for continued downward movement.

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{quote} hard sell for dollar today, we can aim figure 79 {image}
Patience always rewards, locking profit started @.7910
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chaos is just unknown order
{quote} zooming out helps, there s a double bottom scenario gaining probability, alternative scenario is an upside move to 0.85 but not before tested area 0.77. Time will tell {image}
so after 6 months time has spoken.
currently running with plenty short exposure, observing very closely the next consolidation phase on D1/W1 for some technical hint. Main trend remains still strongly bearish
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chaos is just unknown order
{quote} so after 6 months time has spoken. currently running with plenty short exposure, observing very closely the next consolidation phase on D1/W1 for some technical hint. Main trend remains still strongly bearish {image}
hey mate still waiting for usdchf to go higher and eurusd to go lower! But no sign as of now
Patience, Emotion Control and Discipline.
{quote} hey mate still waiting for usdchf to go higher and eurusd to go lower! But no sign as of now
ye buddy after what i consider a test area [1.19 for fiber .77 for swissie aproximatly] can' t expect a V shape move. Have to follow developments but at first sight the odds are for further extenctions. Things change abrouptively and volatility is increasing, so next approach of he mentioned prices are to watch very closely for sustainability confirmations.
chaos is just unknown order
without great illusion of a total reverse, actually turned equity slightly on buy side, covered. It looks an exended pullback for a LH on intraday TFs for now.
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chaos is just unknown order
without great illusion of a total reverse, actually turned equity slightly on buy side, covered. It looks an exended pullback for a LH on intraday TFs for now. {image}
indeed overall trend remain bearish on the dollars. Though i would like to see a reversal but as of now, have to expect the current trend to continues
Patience, Emotion Control and Discipline.
Hello everyone, i bought USD/CHF at .7900 and already on huge loss...is there any possibility to move again there recent weeks ?
Hello everyone, i bought USD/CHF at .7900 and already on huge loss...is there any possibility to move again there recent weeks ?
Anything is possible but it抯 not likely to happen real soon. At least it抯 a positive swap so you抣l earn daily interest unless you have a bad broker.
Consistency is key
Hello everyone, i bought USD/CHF at .7900 and already on huge loss...is there any possibility to move again there recent weeks ?
should be dropping soon. if itsa corrective drop then it might move back up, but my bias is down
Hello everyone, i bought USD/CHF at .7900 and already on huge loss...is there any possibility to move again there recent weeks ?
No matter price entry. IMHO the problem is to handle your "HUGE" loss.
If your position has gone out of your tolerance you have to make a decision.Firmly. Not much options but this is what u can do:

1. Accept the loss. clear your mind from this poison and start again to analize.
2.Hedge the loss. If your equity is bleeding at least you stop the DD before it becomes a catastophe.

-usdchf has this intrisic trap. Attracted by positive swap many retail take the buy side, but brokers, fund managers and istitutional very often take the sell side.
so, it s a matter on how much you can wait in order to gain from swap vs how fast they can push downside the price.
chaos is just unknown order
The USD/CHF pair broke out of the triangle formed earlier on the H1 timeframe, breaking through its lower edge. Therefore, I'm considering selling with the first target being the support level of 0.7683.
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For bullish scenarios :

https://www.tradingview.com/x/6LhQX9tX/
{quote} should be dropping soon. if itsa corrective drop then it might move back up, but my bias is down
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For the USD/CHF pair, the resistance level at 0.7727 has prevented the price from moving higher. I'm considering selling from this level, targeting the support level at 0.7655.
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