Swissie
USCHF breakout on the weekly?Swissie is effectively at the same level it was 2 years ago before the SNB dropped it's peg. Despite the volatility from that fallout price action has remained quite muted. I'm hoping to see a sustained breakout to the upside on the back of the strong dollar.
Parallel channel lines fit nicely, so the potential is there. We'll need to see a weekly close above 1.0320 to add to longs and confirm our bias.
For past 6 years market has not closed above 1.0350. Very good time to enter. WAIT FOR THE BREAK, past 6 years market has not closed above 1.0350.
Stop loss- 1.0350
First Target- 1.0165
Second Target- 1.0063
Third Target- 0.9943
GOOD LUCK
GBPCHF - Hourly correction for daily uptrend.It does not look like a reversal yet. Short term sell is valid.
If price plays along till supports area, further price action analysis will be needed to presume if the correction continues or not.
Cheers.
USD/CHF Topping out 1.0200 Holding as a resistance area and looks like a Megaphone top forming which is bearish, if that's the case I'd expect a decent drop to the 105.00 area and maybe break below the pattern ,
possible support around 1.010 and 1.005
CADCHF must fall! B)everything in harmonic, here is a big chance! SHORT!
Goodluck ;)
ENTER : 077100
Target1: 075330
Target2: 074800
Target3: 072800
OANDA:CADCHF
FX:CADCHF
GBPCHF - Ending diagonal for hourly impulse.I'm expecting a five wave impulse on daily basis.
Trade with care!
GBPCHF - Impulse on hourly chart & Fibonacci projections.Fibonacci retracement & extension to measure price-action. The interaction between actionary and reactionary waves can be understood with the Fibonacci tools.
Market conditions can be similar in some aspects; however, they are always different comparing to the past. To rely on fibonacci tool for trading it is necessary to have a reason to use it. In other words, you use it not trying to replicate previous scenarios, but to measure what is going on in present.
Happy trading!
Swissie ready to break out of trading range?USDCHF continues to trade sideways for 2016. We've just had the US elections. Will this be a catalyst for a breakout of some quite frankly boring trading? (if you're a trend trader). I still maintain that we should see higher prices to come in the longer term. Whether that will happen now or perhaps the start of 2017 is anyone's guess..
#USDCHF: buy pullback, sell 1.000 : )A pullback on #USDCHF to the .9850 area while RSI holds the 50 area would make me a short term buyer with a target of 1.000. A move to 1.00 with continued RSI divergence and I would be a longer term seller.
Note the descending triangle in the RSI.
CHFJPY BREAKOUT TRADEPRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
FOR BUY:
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
FOR SELL:
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO AVOID FALSE BREAKOUTS, ENTER TRADE AT 50 PIPS ABOVE OR BELOW THE PRICE LEVEL.
STOP LOSS 100 PIPS
CADCHF - Flag formation after 5 waves impulse.The flag has 5 waves (WXYXZ) and it shows an impulse on 4h chart just right after the 'Z' wave completion.
Happy trading!
USDCHF - The bull path. (UPDATE)Major support is being tested. For the long run I see a 5th wave coming out.
Shabat Shalom!
GBPCHF - Setting up for an upward correction.The overall trend is bearish. However, the latest price actions may suggest a correction before the resuming the downtrend.
Aussie VS SwissYes weekly is for long term trader so I am. Lots of thing giving long signal on this pair, market is dynamic so we have to wait and see if price hit our entry point @0.7256
