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Swissie

GBPCHF MEDIUM-TERM SHORT SELL. COUNTER-TRENDThis 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 any move from here could be short-lived. This isn't a zone for long-term positions. However, there is no fresh demand zone below on this timeframe. EP: ~1.45619 SL: ~1.46019 TP: >1.44762 (at least 40 pips, 2:1)
Short
by selfrighteousgambler
USDCHF 4h, due for a pullback?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 USDCHF is going to find support - 1st or 2nd arrow? ... and of course how price is going to bounce from those levels. For now everything points to a bit of a pullback / consolidation.
by UnknownUnicorn65498
Double Doji at Support on NZDCHFWhat'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 primary uptrend on the daily chart is ready to resume. I've entered at 7721, with my stop at 7691, and my target profit at 7871. This provides a risk/reward of 5. www.informedtrades.com
Long
by cfdtrading_news
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