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Forexpower

USDCHF SHORT TERM ENTRY!!!!This pair has been among the trendy pairs for the past weeks. The market has currently broken the resistance line to the upside with a nice impulse. but after an impulse there is always a correction to at least the 0.382 of the Fibonacci retracement. Currently the market is in a resistance zone (purple rectangle) and as soon as the market breaks the low of the previous candle, the market with be retesting the 0.382 of the Fibonacci to fill the previous wicks before a further continuation to the upside.
Short
by joebakwa7
2
Inverted Head & Shoulder Patterns can be profitable (+145 pips)This pattern has four main sequential steps for it to complete itself and signal the reversal: 1. The left shoulder is formed when the currency pair reaches a new high and then retraces slightly to a new low. 2. The formation of the head occurs when the currency pair reaches a higher high then falls back near the low that was formed as part of the left shoulder. 3. The right shoulder is formed with a high that is slightly lower than the high formed in the head but is again followed by a fall back to the lows of the left shoulder. 4. The price then breaks the neckline/trend-line. In other words, price falls below support going on to break the level of the three lows created by the previous head and left shoulder. __________________________________________________________________________________________________________________________________________________________________________________________________________ No part of this book may be reproduced or used in any manner without written permission of the copyright owners except for the use of quotations in a book review. Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice. All information and material is for educational and entertainment purposes only and is not intended to provide financial advice. I'm not a registered investment advisor. 02:19:27 ( UTC ) Thu Jan 2, 2020
Long
by TayFx
EURUSD~THE BIGGER PICTURELike I Will Always Say... Looking At The Bigger Picture Is Key..!!! For All Those Following My Projections Since This Month Started...You Can All See How EURUSD Rolled Out Smoothly As Projected... Now The Question Is Will Go As For As Hit Our Support Below @ 1.09260.? If We Have A Pullback...It Should Run Up To 1.10769 Resistance Before Dropping Back Down... LOOKING AT THE BIGGER PICTURE..:) The Answer Is Yes...But Might Take Some Time To Get There But Eventually It Will..!!! See All Projected Areas Has Been Reach... No Need To Rush Or Chase The Market... Always Allow The Market To Come To You..:) More Update To Come..!!!
Short
by JTFX