GBPCHF| 1HR| SELL==> FIND THIS USEFUL?: LEAVE A LIKE AND FOLLOW
==> OTHER THOUGHTS?: COMMENT SO WE DISCUSS
GBP-CHF
GBPCHF SellAfter recently bagging over 100 pips on this pair, we have a quick day trade opportunity with price currently at channel support we can expect some profit taking and a ride down to nearest support.
EURJPY bounced off support, potential of a further rise!EURJPY has bounced off our first support at 127.45 (horizontal swing low support, 61.8% & 100% Fibonacci extension) where a further rise might occur above this level pushing price up to our major resistance at 128.52 (61.8% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) has bounced off its support and we might see a further rise in price.
GBPCHF - Continuation PatternHey!
We have a continuation pattern on the GBCHF called Bull Flag.
To confirm bullishness we have to get at least 1H candle close above the bull flag and above the red trendline.
Last weekly candle got a pretty nice rejection from the bottom - Double bottom formation - and now the breakout from the bull flag will confirm that next leg upwards.
A possible scenario is also a break above the red trendline and above the bull flag, retest those and then it is ready to go!
Follow your money management and trade with care!
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Have a nice week!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
US Dollar Index resumes Wave (C) lower against 97.71 levels?The US Dollar Index has reversed lower after printing highs at 97.71 levels last Friday. It has also produced an engulfing bearish candlestick pattern on the daily chart yesterday indicating a potential bearish reversal ahead. It is seen to be trading around 97.13 levels at this moment in writing and a break below 96.36 levels would confirm and accelerate further downside. Looking into the wave structure, the US Dollar Index seems to be carving out an expanded flat (A)-(B)-(C)? as labelled on the chart here. Waves (A) and (B) seem to be already in place at 93.81 and 97.71 levels respectively. If the above structure holds to be true, we could witness a sharp drop towards 93.80 levels at least and even further, as Wave (C) unfolds into 5 waves, going forward. Ideally prices should stay below 97.71 levels, if the above structure has to remain intact.
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GBPCHF: 1D Channel Down. Short.The pair is trading within a 1D Channel Down (RSI = 37.117, MACD = -0.009, Highs/Lows = -0.0025, B/BP = -0.0105) on a very steady pace that is technically looking for a new Lower Low near 1.22500 (which is the 1W support). Although it is past the 1D support we will take a safer short term sell with TP = 1.23950.
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CADJPY Reversed Off Resistance, Potential For Further DropCADJPY reversed off its resistance at 85.19 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 84.68 (61.8% Fibonacci extensionx2, 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (34, 5, 3) reversed off its resistance at 96% and there is bearish divergence with price where a further drop could occur.
GBPCHF FOR LONGBased on the Daily chart and CHF news today, we experience a strong impulse on GBPCHF. Most likely, GBPCHF will be a long.
TP: 1.259-1.267
AUDCAD Bounced Off Support, Potential For Further RiseAUDCAD bounced off its support at 0.9573 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.9725 (61.8% Fibonacci extension , 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 2% where a corresponding rise could occur.
AUDJPY approaching resistance, potential reversal!AUDJPY is approaching our first resistance at 82.37 (61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong reversal might occur below this level pushing price down to our major support at 81.66 (horizontal pullback support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding reversal in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. Still the same pattern, still the same view. Watch strong price action at the current price for buy. There are important brexit news for this week. Trade with care.
GBPCHF Approaching Support, Potential BounceGBPCHF is approaching its support at 1.2661 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2706 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
NZDJPY Bounced Off Support, Potential RiseNZDJPY bounced nicely off its support at 77.34 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 77.94 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off its support at 5.8% where a corresponding rise could occur.
GBPCHF Approaching Support, Potential BounceGBPCHF is approaching its support at 1.2658 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.2719 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (34, 5, 3) is approaching its support at 4.2% where a corresponding bounce could occur.
GBPCHF Approaching Support, Potential BounceGBPCHF is approaching its support at 1.2668 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2775 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
AUDJPY Approaching Resistance, Potential DropAUDJPY is approaching its resistance at 82.35 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 81.91 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. Price has moved impulsively at the bottom of the bigger pattern and currently is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2753 (Horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2953 (Horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD Reversed Off Resistance, Potential For A Further DropEURCAD reversed off its resistance at 1.5016 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.4919 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 89% where a corresponding drop could occur.
AUDJPY Approaching Resistance, Potential ReversalAUDJPY is approaching its resistance at 82.23 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 82.23 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
