USD/CHF- 4H Time Frame analysis - It's time to catch a good move

14 Jan

Hi guys, we would be taking a look into the USD/CHF pair , and visualize how is it situated on 4H time frame, 1st the RSI indicator is showcasing very overbought area, 2nd we are formulating an inverse head and shoulders pattern with a very good visualized Descending pattern.

Currently we are showcasing immense strenght in the USD , but things must correct, the DXY is sitting at immense high levels, so it is due a correction, we are seeing very good stability with the CHF and the correct approach to their monetary policy , if we go to a point which we dont see Interest Rate cuts in the U.S. this should cooldown the US Dollar and open quite a few good plays.

Entry: 91.600

1st target 89.880
2nd target 88.500
3rd target 86.250
4th target 84.860


Do tell me below what do you think about this trade, what is your opinion and if you would add something to the analysis!

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!

27 Jan

Catatan

1st target has been reached we are doing tremendeously with this trade, so far we have caught close to 180 pips! Congratulations to everyone who followed up with this great investment.