USDCHF Bullish Setup

I am bullish on this pair as the chart suggests. My first target is around 0.9600/9700 with stop below last month low at 0.9213. I think it will be reached before this month ends. Look for oscillator reversal signals on lower time frame for entry positions.

USDCHF Daily Chart

USD/CHF Near Support Trendline

Above is USD/CHF weekly chart. The pair is very close to touch the rising trendline connecting 2 previous extreme lows. I'm expecting candle reversal pattern over the next few weeks. Risk should be limited below the trendline, now at 1.0020/40 (about 115 pips from current price). The best thing about this setup, obviously, is the potential return.
There are so much room upside for this pair (1000 pips or more). If the trend does reverse, the likely target is the falling trendline connecting the highs. And, who knows..there might be a break above the resistance trendline ;)

Try Long USD/CHF

USD/CHF has fallen for more than 800 pips since the last signal on June 6th. Honestly, I was expecting more swings in this bearish movement. Nevertheless, it has reached the support around 1.0500 and I prefer a long position from here. Target is near the broken support trendline or 1.0895 area. But first USD/CHF must break 1.0750 area. Stop loss area is below the previous low around 1.0477/90.

USD/CHF Short Signal

I have been watching this pair for several days now waiting for this moment. The pair has move back inside the trendlines and I have entered short position at 1.1532. If 1.1728 is the top of the fifth wave, then we should see A-B-C corrective waves. I calculate minimum and maximum movement for this and got 2 lines there (see pic). Between those lines is our target area. That is all guys. Happy pippin!

USD/CHF: Keep On Selling

Above is USD/CHF daily chart which showed my chart setup for USD/CHF. I shorted the pair again targeting 1.0717 level near 50% retracement of 1.0501 to 1.0923. The stop loss level is above the 1.0923 level. I also add a blue channel there based on the last three waves. Okay that is all for now. Happy trading!

USD/CHF: Sell Now

I just shorted USD/CHF near the trendline resistance. I think its a pretty good chance for another swing down to the support trendline. I opened 3 positions with 50 pips target for the first position and gonna leave the target open for the rest positions. Okay thats all and this is probably my last trades for this week..probably.. :P