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Swisspips

EUR/USD Broke an important level today. What to expect? Hi guys, I have analyzed this pair and we can see some interest things going on lately. On the above H4 chart, you can see that the price is in the middle of a channel. Price just broke the Lower Low (LL) levels @ around 1.12. We are clearly in a downtrend and it's still time to catch it! The trading plan is the following: Wait for the pair to pullback at around 1.12 levels (previous LL). We need to see a rejection H4 candle which will give us the impulse to sell. The sell trade will thus take some days, unless we see volatile price action in the upcoming hours. The target is the bottom of the current structure which is also a weekly fib level. An important one since it's the 61.8% retracement. This price level is around 1.10350. This idea is for educational purpose only, trade at your own risk. Terminology used in my chart: LL = lower low, HL= Higher Low, LH= Lower High, Fake BO = Fake breakout, H = High, L= Low Feel free to comment/Like my ideas. Happy trading! Jesse
Short
by SwissPips
1
USD/CHF: Super bullish but what's next? (HUGE potential) Hi guys, The pair is currently in the hands of bulls which are in full control. As you can see, the price managed to break the current structure (a bullish pattern H/HH/HH, L/HL/HL) and is now somehow consolidating a little bit. I will be waiting for a pullback at previous HH levels (around 1.01500) and will buy it as soon as I see a bullish candlestick. My target will be the 200% fib retracement which is also Dec 2016 previous tops. The potential of this trade is huge, about 200 pips if the pair is willing to pullback ! This idea is for educational purpose only. Trade at your own risk. Feel free to like/Comment my ideas! Trade with care. Jesse
Long
by SwissPips
4
GBP/JPY: Support is about to break! What to do? (Trading plan)Hi guys, The pair is about to break an important support. In order to initiate a sell order I want to see a daily close below the support and a pullback towards these levels. The target will be the next daily support level... as you can see there is a decent amount of pips to grab on this trade! It will probably occur next week. The idea provided is for educational purpose only. Trade at your own risk. Feel free to like/comment/follow me ! Trade with care. Jesse
Short
by SwissPips
USDCHF Oscillators Begging You to BuyAlthough we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly this week was for the pair which is now flashing an oversold signal. Momentum oscillator also signals to buy. Overall, this may be short in the longer-term, but I now suspect we still see some upward movement first. If you like my analysis and are hungry for more charts, you can also check out some of my work at www.anthonylaurence.wordpress.com
Long
by WhiskeyTangoFoxtrot3