SFR, confirmed uptrend, longSFR in a strong weekly uptrend.
Daily just broken out of a major consolidation level.
Watching for a retest entry, and trend follow.
SFR
SFR - Trade PlanSFR has pulled back and is approaching its strong Support Level, This zone coincides with the POC of volume profile and also trendline support, therefore it could likely bounce off the zone. I will be monitoring price action and will buy after bullish price action confirmation.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
On a knife edge - but been there before so no FOMOThe price has been around this long term trend line on several occasions, so do NOT presume that it will breakout this time. This is just a heads up to watch the price action & see if it yields a trade in the near future.
An Inverted H & S pattern to wtachWe are seeing the formation of an inverted H & S pattern with a neckline that lies along the long term trendline. A break and retest of the neckline/trendline should confirm the bullish pattern
USDCHF. Buy on dips. Risk/Reward > 4Hello, it looks like we have finished the abc correction after a stong impulse upside in wave A.
The wave c in abc correction was 5 wave impulse with an ending diagonal in wave 5 of 5 of 5.
We already have a strong upmove in place. Buy on dips seems to be a good trade as Risk/Reward > 4.
Target 0.9920 (C=A).
Stop 0.9583 (below current impulse)
SFR - Downward momentum trade from current price to $23.07 SFR seems breaking down from an upward channel. Its rolling over & volume is fairly strong in the down direction. We think it will be a good downward momentum trade if it can break below MA200.
Trade Criteria
Entry Target Criteria- Break of $28.47
Exit Target Criteria- $23.07
Stop Loss Criteria- $30.23
You can check detailed analysis on SFR in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 12:00"
Trade Status: Pending
SFR GROUP Price in 1 hour timeframe with Ichimoku keylevelsI think of a slight bearish trend tomorrow with an initial range of 24.47-24.81 (support-resistance). I think of a bearish trend until 24.47
