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Frank

THIS IS A REALLY NICE SETUP!Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on the break of the low of wave 1 as this is a good indication that we could see a reversal soon. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or alternatively a reversal for wave 5 down first. Happy trading! Linton White JP Markets Pretoria South Africa
Long
by Linton_White
USD/CHF LONG Wedge Opportunity As you can see above, i have found a wedge pattern forming on the graph which has successfully broken out and even retested the resistance which has turned into a support. i believe that from my entry the pair is likely to retrace to .99288 and then once again bounce as this seems to be a fairly strong resistance in the past; this would also match the relationship on the MACD as we can see when i placed my entry there was still room to fall until it bounced back again :) thank you for reading.
Long
by h-82929
PAIBTC Project Pai (PAI) BUY & HOLDPAI is at the bottom price zone and has signs of growth again compared to the lowest price range. Highest price in July 2018: 11396sats Lowest price in February 2018: 704sats -> price has decreased by 94% Current price: 1467sats, higher than the bottom price of (> 100%) I think this is a good time to buy and hold PAI when coinmarketcap has just updated PAI rankings (currently in the 65th position of market capitalization) & listed on major exchanges like Huobi, Bitfinex, and LBank. ...
PLong
by Frankvn008
USDCHF Testing a year-old resistance - Bullish ScenarioThat green area is a daily bearish orderblock that is now being used as a resistance for the third time. So far this is the longest consolidation inside of it since we broke below in March 2017, which is a good indication that the resistance is weakening and may be broken anytime. On the 4H chart, we've hit the local sweet spot for a retracement and are currently aiming to break that resistance. Since we're still below it, entering now would be risky , but if we wait for the break above, and enter on the retest, we could make it a high probability trade with a target at the next weekly resistance level. I will update or add a new idea once that happens, but watch for that break.
Long
by UnknownUnicorn3664665
Bearish 5-O CHFJPYUltimately a carbon copy of the USDJPY set up; the strengthening of the yen has produced another bearish 5-o movement. We have a solid support at 112.5 which has now been broken; price action dictates that a retest of resistance at the former support level would produce a bounce- at which we will enter and take profit at the C(4) point. Just like before, within the OXABCD (0,1,2,3,4,5) the C point is between the 1.619 and 2.24 extensions of the AB wave- the entry point is then 50% of the C wave. The pattern has been illustrated at the 1.618 level but may push closer to the 2.24 level. Should this be the case, the 50% retracement should be adjusted acordingly. 5-O Ratios B(3):1.13-1.618 C(4):1.618-2.24 D(5):50%
Short
by KyleMcQuade
Bull/Bat GBP/CHFForex markets throwing bats across the board this month- here's the layout on the pound-frank. The pair isn't really going anywhere, gallivanting aimlessly sidewards since the turn of the year. That said, lows have been getting ever slightly higher over the past 3 weeks; shall this continue, we should see another low at 1.243. A reversal at this price would see a reach to 1.256. Although this is a bat, the ratios alone would dictate that this could also be a crab. The red ray shows where a 161.8% extension would find itself. I thought this would be worth noting, since somebody else has probably already picked that up as well. However, general security levels and recent lows favour the bat motion. As always, keep it at least 1:2. Bat Ratios AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Long
by KyleMcQuade
1
Bearish Bat Cad-FrankThe daily chart on the cad-frank hasn't trended well in recent times and is currently in a declining channel. Scaling down to the 1 hr chart, price has reached the top of that channel just short of the .886 retracement of the bearish bat. This is the ideal time to get in short with a stop loss just above the X coordinate. As per usual practice, indicators aren't used in determining price action, although it doesn't hurt to have a look at the Relative Strength Index where you believe price is approaching a potential reversal zone. RSI looks to be entering an overbought level, bringing a higher reversal probability. Bat Ratios AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Short
by KyleMcQuade
USD/CHF at a critical pointAfter rising relentlessly for 5 consecutive days, Dollar bulls faced stiff resistance today. The negative divergence in RSI has been indicative of an impending short term reversal which would push the prices back into the channel and this materialized today. Now the price is sitting on the lower boundary of the channel and a strong support zone. If the bulls fail to put themselves together at this point, the channel will break to the downside and this will most probably commence a selling pressure that will push the price into much lower levels.
by SharifAzadeh
2
FXCM is in trouble...*FXCM: CLIENTS EXPERIENCED SIGNIFICANT LOSSES AFTER SNB MOVE *FXCM: NEGATIVE EQUITY BALANCES OWED TO FXCM ABOUT $225M *FXCM: MAY BE IN BREACH OF SOME REGULATORY CAPITAL REQUIREMENTS *FXCM DISCUSSING ALTERNATIVES TO RETURN CAPITAL TO PRIOR LEVELS FXCM an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million. As a result of these debit balances, the company may be in breach of some regulatory capital requirements. Trading in the shares was delayed by the New York Stock Exchange pending news. "Absent an overnight capital raise FXCM will not be able to conduct business," said Credit Suisse in a client note.
F
by charttrader
9