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Discussion of this pair in my opinion that market can be move to the bullish trend, as looking forward to the open trade, and I prefer the first option of sell it .
If we seems that closing graph of this pair its overall trend show us buy, and moving average is looking strong up side ,I think it can little bit move up but looking world's situation by Covide,19 it can be move to the down side ,so my suggestions are to sell here ,
If you like & agree
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Hello friends, this thread is very good, people post well in it and because of these posts, you will have a lot of guidance. You should read this post carefully and tell your date. There will be more benefits than that if u know about the numbers of rates and good guaidness
Thanks
I.A
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USD/CHF - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
0.9045 - 0.9050 - 0.9059
Resistance 1 - Resistance 2 - Resistance 3.
0.9072 - 0.9078 - 0.9086
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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predictions for the day.
trading is risky if no analysis is done
USD/CHF - is the currency pair we will be focusing on
major low levels also known as supports 0.9042
major high levels also known as resistance - 0.9065
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USD/CHF: The dollar dipped against the Swiss franc on Friday as U.S. retail sales missed expectations in July. U.S. retail sales in July increased less than expected as consumers cut back on purchases of motor vehicles and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks. Retail sales rose 1.2% last month after advancing 8.4% in June. Economists had forecast retail sales would rise 1.9% in July. Immediate resistance can be seen at 0.9125 (38.2%fib), an upside break can trigger rise towards 0.9181 (50% fib).On the downside, immediate support is seen at 0.9049 (23.6% fib), a break below could take the pair towards 0.9000
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hello everybody how are you hope you are enjoying your trading day and making your analysis for the coming days
I am going and analysis for the coming days the market of this pair is not move on technical basis but it is moved on fundamental basis area know when gold take a bullish moment then it is also take a bullish movement so here we can say that price will move up side when market will open and its target will be reached
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I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
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in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is closed
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
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happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
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Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.