USDCHF

On the CHART TF H4 USDCHF last week had a correction at fibo level 23.6 / 1,000 and passed the lower parabolic SAR even though it hasn't broken out lower BB which essentially there is a tendency for the USDCHF to go down. On the other hand, in broad outline USDCHF is still in the condition of UP TREND.

In my opinion, if you take a SELL position if the price manages to break fibo level 38.0 / 0.9982 with the Line filter on the RSI indicator, it starts at level 50 and matches with R: R at least 1: 1.

first support buying zone is around 0.9960  lower zone is 0.9926. possible upmove to 1.0115, next week.

and USDCHF on the move up without any correction nice open up 83 pips now..  now change in the analysis for this week .. wait and watch ..

well its now being traded at 0.99974. a good coorection after sittig above 1..000 last week

yes now after a 100 pips up move.. that;s why i wait , because it was unusual move just from the open  and i think they will go deeper  . If someone was buying a top at 1.0099 now he have problem so i will wait for better price or maybe will try to short it later after London open.. we'll see

that is lookin a very strange candle tough. do you know any fundamentals regarding this short price hike?

that is lookin a very strange candle tough. do you know any fundamentals regarding this short price hike?

no, i haven;t found any fundamentals behind this move.. i think that big institutions/banks are behind it  and actually their big orders .. we will see during the week what they plan.

i see it in forex factory there is no news from USD or CHF either. BUt that kinf of shocking.I believe many SL will be triggered.

yes it maybe shocking , but it is market .. what we can do. and i think that what you wrote about many triggered SLs is very true.. now the big players can take price lower with all this orders triggered . so the bias is short..

USD-CHF has a movement that can be said to be large because the range of USD-CHF is actually quite narrow, but in the Asian session there was a significant movement but only formed a shadown of around 100pip

technically I am more looking for moments to sell at USD-CHF, because in the bearish movement it has been able to break the trendline support level

but for confirmation that USD-CHF will be completely bearish, it seems interesting to wait for confirmation of a significant bearish move that is able to break the horizontal line support level, it can be a sell signal in my opinion and potentially if it is able to break the horizontal line support level will continue to be bearish far