Trade Idea Update: USDCHF Corrective Structure Signal In Profit | Sept 24

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Chris Capre’s current live open price action & ichimoku trades: AUDNZD, CORN, WTI, USDCHF, USDMXN

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USDCHF – Sell Trade Signal In Profit, Keep Playing the Range (4hr chart)

Price Action Context

In our Sept 15-20 trade ideas commentary, we talked about the large corrective structure on the USDCHF and that we were looking to sell. As you can see from the chart below, this is exactly what happened with the USDCHF forex pair hitting our resistance zone and selling off about 100 pips since.

Congrats to all the members who profited from this trade setup. Traders not already short can look for weak pullbacks into resistance.

usdchf trade signal

Trending Analysis

MT the corrective structure still dominates so look to play both sides until it breaks.

Key Support & Resistance Zones

R: 9970, 1.00

S: 9775, 9690

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