Short-trade
Short Trade on CAD/CHF by ThinkingAntsOk4H CHART EXPLANATION:
We observe that price is consolidating on a corrective structure below the Broken Ascending Trendline. Now we will wait for a breakout and a bearish movement towards the Support Zone at 0.74500. If this zone is broken, then there is potential to reach the Support Zone at 0.7300.
DAILY CHART EXPLANATION:
CHF/JPY SHORTFew reasons to go short on this pair:
1. We had a rejection on a major trendline on a Daily/4h chart.
2. Price broke out of a rising channel and at the moment is retesting the trendline.
3. We had a cross on ichimoku cloud on 30m, also MACD and RSI are matching their movement to the downside.
GOOG - STRONG SELL - Wave Failure - Wave Theory & FibonacciGOOG looks to be expeienceing what I would call 'wave failure' and remains a STRONG SELL!
GOOG complete Cycle Waves 1,2,3 and 4.
But, now the 5th impulse waves seems to be collapsing...
Normal Terminal points for the 5th Wave are between .382-.618
GOOG briefly touch .382 before it retreated...
NASDAQ:GOOG is a very interesting chart.
*Please see related idea for further analysis
-AB
Weekly short position EURNZDWelcome to Fxtrading services, we provide premium signals & services to our costumers.
Fundamental analysis : Looks like that trading war between US and China will end by the end of the year, as the global economy is slowing down. Trump said that he wants a trade deal with China before the presidential election of 2020, so this could bring emerging markets up.
Technical analysis : Sidways since late November 2017. The market did make another top now we could se a down turn to 1.72000 and then trail the profit all the way down to 1.70000 handle or lower, all depends if our strategy will follow during this trading month
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SHORT TRADE ON USD/CHF EXPLAINED by ThinkingAntsOk4H CHART EXPLANATION:
On the 4H timeframe, price melted down after facing the Resistance Zone. The last few days it was moving sideways on the Support Zone, forming a Triangle Pattern that is trying to resolve on the actual candlestick. If it consolidates below, price has potential to reach the Support Zone at 0.95600-0.95800.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: