USDCHF Short at 0.89099 w Technical analyis;Fundamental,..
Trade Idea: Short USD/CHF
Entry: 0.89118
Stop Loss: 0.89293
Take Profit: 0.88528
Risk-to-Reward Ratio: 3.25:1
Risk per Trade: 1,8%
Analysis:
USDCHF
• Technical Setup: Price is rejecting the MR50 and pivot point, showing bearish signals.
Long wicks suggest a potential reversal.
• Indicators: Williams %R shows overbought conditions, supporting the short setup.
• Timeframe: Entering on the 50-minute chart after confirmation of price rejection or
lower highs.
Fundamentals:
• Swiss CPI: 0.6% (actual) vs 0.5% (forecast) indicates a stronger Swiss Franc,
supporting the short trade on USD/CHF.
• COT Data: Positions are bearish on USD and bullish on CHF, aligning with the setup.
Market Sentiment:
• DXY: A bearish USD supports the downside in USD/CHF.
• Overall Sentiment: Bearish sentiment towards USD in March suggests continued
weakness for USD/CHF.
Risk Management:
• Stop Loss at 0.89313 and take profit at 0.88528, offering a 2.97:1 risk-to-reward
ratio.
This is a high-probability short setup with solid technical, fundamental, and sentiment alignment. Always use proper risk management. (70-75% Probability of Winning this Trade)
Entry: 0.89118
Stop Loss: 0.89293
Take Profit: 0.88528
Risk-to-Reward Ratio: 3.25:1
Risk per Trade: 1,8%
Analysis:
USDCHF • Technical Setup: Price is rejecting the MR50 and pivot point, showing bearish signals.
Long wicks suggest a potential reversal.
• Indicators: Williams %R shows overbought conditions, supporting the short setup.
• Timeframe: Entering on the 50-minute chart after confirmation of price rejection or
lower highs.
Fundamentals:
• Swiss CPI: 0.6% (actual) vs 0.5% (forecast) indicates a stronger Swiss Franc,
supporting the short trade on USD/CHF.
• COT Data: Positions are bearish on USD and bullish on CHF, aligning with the setup.
Market Sentiment:
• DXY: A bearish USD supports the downside in USD/CHF.
• Overall Sentiment: Bearish sentiment towards USD in March suggests continued
weakness for USD/CHF.
Risk Management:
• Stop Loss at 0.89313 and take profit at 0.88528, offering a 2.97:1 risk-to-reward
ratio.
This is a high-probability short setup with solid technical, fundamental, and sentiment alignment. Always use proper risk management. (70-75% Probability of Winning this Trade)
Trade fermée: cible de profit atteinte
Price was at 0.88533 so l closed the Position with 570$ Profit, or (5,7%)
I give all the Glory to Jesus Christ.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.