Swiss
USD/CHF triangle breakoutHello,
As you can see on the hourly chart, a symmetrical triangle just occured.
Long position at breakout point around 0.9110.
Target: 0.9210 as per the measurement strategy (distance between lowest and highest point of the triangle which is around 100 pips)
Risk reward: 10
Already 50% of the target got achieved.
Good luck
DXY Descending Broadening WedgeIf we can see vix stay above 26, the major market's in the U.S. will continue it's downside correction from the weekly rejection of the asending trend line for the SPX, this could break to the upside pushing EUR/USD down significantly, possibly 300-400 pips this week should the market fall. I am weary though and will be entering the week with caution, as advance/decline ratios from last Fridays floor ticket showed a mostly confident investor that took profits. I however, am in favor of an upside break, however the dollar needs to continue it's debasement to achieve normal fundamentals implicated by the FED.
SHORT FOR 100 PIPS GBPCHF No nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management)
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82 forex
USDCHF Buy Opportunity 300+ pipsUSDCHF oversold and in a strong buy zone in weekly RSI. This pair will reap large pips in the buy direction so keep an eye on it.
Look to enter at past support of .9027 area
Look to enter at break above resistance of 0.9182
Once we have break above resistance we are headed towards 0.9500.
Get ready and Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
Swis Borg- CHSB is going to rise againSwiss Borg- CHSB is going to rise again
we see dropping volume but higher Lows on each jump up and dip down.
we see dropping RSI and dropping Volume -
This looks like it is going sideways but there are intense pumps up that are sold off.
This tells me someone wants to push this project higher and it is only a matter of time before no one resists this upward push and they smash through the all time high of .16 after that- up up and away.
I have no time line for this but I would think it happens in early September.