CHFUSD
USDCHF, Bearish wedge inside of Triangle, Part 2Follow up on the previous analysis:
Think this is a nice one to keep an eye on coming day or 2. It dropped quite big, after it attempted to break up from that wedge on the right. It dropped in a straight shot below that green zone, so if the coming day or 2, would see a retest of that green zone, like the blue line suggests, think it would be a nice spot to take on a short. Target would be around the lower green zone.
So this is exactly what happened so far, so i am giving it a shot here with a small starting size. Great RR at this point and if 0.9660ish breaks i will make it a normal size and move stop to around BE. Target is still the lower green zone, but i will keep some to see if support might break (of the triangle).
Previous analysis:
CHFUSD H1 ANALYSISHello traders, we currently have a long setup for CHFUSD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
XAU/USD sell opportunity!!!!Hi traders hope everyone had a good weekend.This is my analysis for gold this upcoming week. Okay last week identified the key area of broken support looking to turn resistance at the 1585.48 level. It’s a area to start and look for a pullback and a potential move to the downside. We are also forming somewhat of a head and shoulders pattern ,so going into this week the 1585.48 level is a nice place to start and look for those bearish patterns and if we get the rights kind of bearish setup in this market we’re going to be looking at selling the market down to the next key level of support the 1536.74 level, and if we get a break through that level ,our next targets will be 1515.40.
Hope this analysis was helpful.
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Good luck and hope you all have a profitable week.
ridethepig | EURCHF Market Commentary 2020.01.16A good time to update the daily chart in EURCHF with Euro starting to trade firmer on the crosses and the CHF run beginning to show signs of unwinding. The 1.074x is starting to look very weak and will give way to sweep all the way down towards 1.062x, here looking to increase exposure; should we visit 1.080x I will not hesitate to increase sizings.
For those tracking the Long-term macro chart we remain in the same updated map:
Currency manipulation is once again a hot topic with US putting China back on the 'nice' list, smelling SNB to become the next deer in the headlights as CHF inflows are impressive and I believe sharp money is going to test the limits.
Good luck those in EURCHF - an advanced chart for the move towards 1.06xx.
CHFUSD Breaking the Falling TrendlineSymbol: CHFUSD
Timeframe: 1H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Breaking the Falling Trendline
Short Timeframes: Lime - Breakout
Long Timeframes Context: Multiple Blue - Strong Support
SETUP: LONG
ENTRY @ 1.0112
SL @ 1.0059
T1 @ 1.0174
T2 @ 1.0195
Flexible Target @ The upper ribbons turns Yellow
Manual Stop Conditions: The upper ribbons turns red
I appreciate your like or comment. Welcome to share your idea here.
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
USDCHF has formed bearish CRAB | A good short opportunityAfter formation of bearish cypher the pricline of Swiss Franc has formed a bearish CRAB pattern.
RSI is overobught.
The MACD is turning bearish.
This is a good opportunity to short betwen 1.27 to 1.618 fibonacci.
The short position can be taken between:
0.99359 to 0.99720
Regards,
Atif Akbar (moon333)