Noticeable range between $1.07 & $1.10. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
This pair is playing along a noticeable range between $1.07 & $1.10. The daily resistance may be strong enough to cease the current wave 'B', or not. For any bearish momentum I would expect the break of the Hourly support. Happy 2016! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please,...
Long. I view this trade as a legitimate long term investment.
As you can see there is a declining overall trend but it's bouncing between the support and resistance lines. Here is a good idea to trade off the bounce. Overall, I see more likely a break above the resistance as SNB makes efforts to devalue the Swissie
5 waves up! Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
Stop loss below the support. Considering the SNB is easing and the GBP is tightening, plus a positive overnight swap offers an attractive buy proposition. Possibly better value than the USDCHF
I have been watching USDCHF since the last big impulse down, waiting for its consolidation to resume. The retracement became complex with 5 waves, so I am trading a possible ABC correction of the retracement. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest)....
I have identified this contracting triangle which gives a good opportunity to antecipate the next wave just before the consolidation ends. At 15 minutes timeframe the 'E' wave has it structure broken (the thin blue line). So I placed the orders at the break-point of the line. Happy trading!
Quite interesting: this could be the beginning of a major reversal. Looking forward to a third wave to buy.
USDCHF is in a corrective pattern (4th wave at daily) within a corrective pattern (hourly ABC) WITHIN a corrective pattern (hourly ABCDE triangle) . The setup is similar to USDJPY as you can see at related ideas. Happy trading!
Trading a possible 'A' leg correction. Expecting a breakout of current consolidation channel.
This medium-term trade is good because it happened right at the beginning of the day. This means that there was a real stack of supply at that price that wasn't filled in. Prices moving back in that would give an opportunity to sell the Pound against the Swissie again. The problem with this zone is that it is merely a continuation of the down move beforehand. So...
First target is hit (Thanks Swiss National Bank). We will move stops up to just under our entry. The trade is at no risk and now we will sit on our hands and see how far she can go, As we mentioned this is a weekly setup so we expect a good size move. However, what we saw from the Swiss last night can be a game changer. USE STOPS AND DON'T BE A HERO. You...
USDCHF 4h - Keeping an eye on the price action at those levels. There's a case to be made for a continuation of the upside move especially when looking at the daily an weekly charts. The question here is if the pair will have enough momentum to move to the upside of the channel. There's a bit of a price/indicator divergence going on here so I'm looking where the...
What's the only thing better than a doji? A DOUBLE DOJI! And that is exactly what we might be seeing today on NZDCHF. Traders may recall NZD plunged last week when the RBNZ raised rates on NZD. Now, after price plummeted to a major support level, we are seeing what looks like a double doji. I'll take this as a sign that the bears may be exhausted, and that the...