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Swissie

The Swiss franc *might* go lower, but only so farThe Swiss Franc has always been one of my favourite currencies to trade because it abides by support and resistance lines... except when the SNB intervenes.... ouch that one hurt. In any case, what you are seeing here are arrows point up from very strong resistance lines stretching back several months. The A arrow points up from the weakest support, the second arrow points up from declining support and the I arrow points up from monthly support. Either way, the USDCHF will bounce up from one of these lines, though as a caveat, a break below and I'd be closing off all your CHF positions. RSI and CCI are overbought, a confirmation from the MACD would confirm buying opportunity. Selling CHF also pays overnight premium.
Long
by maccabean
EURCHF - Consolidation structure ideaThis 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, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Short
by InsideMarket
Trade #19 USDCHF - Trading ABC correction of complex retracementI 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). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Short
by InsideMarket
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