Demand zonePair is trading over a strong demand zone. It is worth to open a small long position and add at every drop. It could more days to take off. GBP is getting stringer across the board. Wide stop loss, forex is very volatile, the stops loss triggers when a daily candle closes and break down the demand zone.
Franc
EURCHFMega bearish on EUR at the moment and I think we'll continue to see EURCHF slide.
Here's my ideas, plan A and plan B both resolve at a TP of 0.967 but I think we'll break through the demand zone and head down to 0.957, which is a 1:6 trade.
Last week the Euro was the worst performing G10 currency in my analysis, we can see USD strengthening (which indicates risk off), and therefor continued EUR weakening (risk on), nom sen.
Trade safe!
USDCHFUSDCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
USDCHFUSDCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
USDCHFThis situation has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️️
USDCHF 15 MIN IDEAHELLO GUYS THIS MY IDEA 💡ABOUT USDCHF is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
EURCHF Possible retracement and new supportWe'd a ascending channel with a resistance making higher highs, however the bottom line of support of the channel was crossed. So we put a horizontal support, to check what could happen to the price, and with this support we can see a possible retracement.
We can also see the EMA line is changing the direction. And about the MACD indicator, the support had already been touched and both lines are changing the direction
And if you zoom the chart, you'll the before the full body bullish candle we and an inverted hammer during the downtrend, so we have some informations where this trend could truly change the directions and go in a Long strategy
Inverse Head and Shoulders Pattern in USDCHFThe inverse head and shoulders pattern is confirmed in USD/CHF. It seems the dollar will continue to gain against Franc.
Based on the pattern's height, the price target is 1.03
GBPCHF long before huge SELL off.GBPCHF has potential to go up to 1.14380 or 1.14750 before we see a big move to the down side, we will probably see a new 2 year low.
We have high liquidity that has to get taken off before the drop (marked with £££)
What do you guys think?
Please leave a comment and like the idea! :)
CHFJPY | ShortThe uptrend has been broken exactly on August 2 and this last upward trend is considered a good correction towards the continuation of the new (downward) trend.
So make the best use of the current entry points😍
🛑143.35 is a suitable number for stop loss; So enter with observance to capital management and risk management.