Dollaro / Franco svizzero
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USDCHF - trade ideas

350
I will start this thread with the diagonal structure identified on H4 time frame.

This diagonal may be a leading diagonal - implying that next immediate move after a proper correction will be to the downside, OR
an ending diagonal - usually, as the wave C in a large flat.

I will illustrate both options here.

Given the DXY structure I am favouring the next move down (D1/H4), after a proper corrective pullback.

Trade safe
Nota
Daily frame - bearish option (A zigzag (ABC) completed and confirmed downside with an impulsive move down as a leading diagonal):

istantanea
Nota
Second option - for a bullish case - a double zigzag, where wave X is likely completed as an expanding diagonal. Price is close to 62% retracement against wave W.

istantanea
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Misprint in the last comment - as an expanded flat (instead of ED). :)
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That’s the bullish 1-2 on m15
istantanea
Trade attivo
Bought.
SL 0,934
Below the channel & MA50
Nota
Nice set up
istantanea
Nota
SL below ma50 h1 (to the earlier update)
Trade chiuso: stop raggiunto
Trade attivo
Opened 0,01 buy
SL below the last low
istantanea
Nota
It’s a nice head and shoulders pattern on H1
istantanea
Nota
Update m15. H&S still valid, still a corrective whipsaw, as a tripple combo
istantanea
Nota
This combo may be a correction against a leading expanding diagonal:
istantanea
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On top of that:
istantanea
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Breaking out of the corrective price channel
istantanea
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The wxyxxz can be marked as follows, with the ending diagonal as wave Y

istantanea
Nota
A nice breakout. Waiting for the further upside. Could draw a couple of h1 trend lines on the price chart, as well as on RSI
istantanea
Trade chiuso manualmente
Closed in profit 70 pips, plus swap. A small overall profit for two trades. Next ideas in a separate thread later. Good luck!
Trade attivo
Decided to prolong the life of this thread. Opened a buy 0,01 @ 0,9299
Nota
istantanea
Trade chiuso manualmente
Closed @ 0,936
Nice trade.

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