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Swissfranc

Today’s Notable Sentiment ShiftsSafe-Havens – USD, JPY and CHF eventually strengthened on Monday, as Russia stated there were no concrete plans for a summit with the US and called for the immediate recognition of two breakaway regions in eastern Ukraine. Commenting on the rise in tensions over Ukraine, Reuters also noted that “Russia’s FSB security service said a shell fired from Ukrainian territory had destroyed a border guard post, while Ukrainian authorities warned that hackers were preparing to launch major attacks on government agencies, bank and the defense sector on Tuesday.”
by thunderpips
18
GBPCHF Sell signal: Lower High and 1D MA200 rejectionGBPCHF has been trading within a Bearish Megaphone pattern almost since the start of 2021. At the moment it is trading sideways for more than a week in a row but even though it has tested the 1D MA200 (orange trend-line) on multiple occasions, it has failed to close a 1D candle above it and make a bullish break-out. On top of that, the 1D MA200 rejection, is also a Double Top rejection on the 1.26125 Resistance level. Also the 1D RSI is on Lower Highs, which that was the formation on the pairs last rejection at the top of the Megaphone on October 20 2021. The result of that Lower High top was a price dive to the 1.5 - 1.618 Fibonacci extension levels once the 0.5 level broke. At the moment the 0.5 Fib level is at 1.24455. If that breaks, I will take it as a sell signal with a 1.21000 target (within the 1.5 - 1.618 Fib extension zone). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot