Easytrade
USDCHF - EASY Trading Setup - Trendline BreakHi Traders!
The price is moving in a range - or it just hasn't a clear trend.
As you can see the price reached the Support below at 0.96400.
After that it rallyed towards the Resistance at 0.97300.
It was moving around there a bit and that's when the Trendline occured.
This trendline finally got broken.
Now we are trading because the Break is our entry trigger.
The SL is above the strong Resistance
and the TP is at the next Support.
We recommend to close the trade when bullish power comes in.
Thanks and successful Trading :)!
GBP/USDas we notice on the blue line that it is a bullish trend which was broken with force thanks to a big red candle which means a sale, to make sure of the position I had to wait until the beginning of 'an impultion of sale as you notice on the graph between the two pink lines which was confirmed with another break of red candle, then we directly announce a SELL
buy eur/usdthis candle which is called spring box broke with force the line of the moving average , followed by three other candles trying to confirm the position . if we have another candle that wants to prick the line, or else we have another green, we pass our buy directly on this currency pair.
Stay tuned .
Bears might be able to make some FAST CASH this week!I feel very strongly that this is a possibility. Let me make this clear I am not a bear NOR a bull at anytime.. I am simply a trader. I must look at it from all angles. Below you can see the different angles.
-Bears perspective: We are currently trying to test new highs, but today's gap down shows exhaustion from the bulls. The market will continue to push till we reach a major resistance then a leg down is inevitable till we reach a comfortable support. The major resistance is displayed on the chart along with a time-frame as well.
-Bulls perspective: We fumbled this morning but recovered and are now making new highs from the bounce. This will continue till we reach the 300 mark then after we will hang around that price till a push up or bounce off of the .618 fib (294 or something around there).
Anyway trade smart and wait till confirmation from the market. I will keep this idea updated... it was pretty fun and experimental with the sine waves, but I feel pretty confident.
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