SHORT ON BREAKOUT PATTERNCheers folks.
I see Swissy has broke the daily trendline and its a clear signal for me to go short. 0.96861 is our target, given monthly bearish 161.8 shooting star.
Plan your trading, use MM wisely.
Hope it helps !
Swissy
Swissy is going up Right now Swissy is in wave-v of 3.
Target is around 1.002 - 1.01
invalid count if price go below 0.978
After complete wave-3, swissy will correct into wave-4 then we wait until wave-4 give us more information to create buy setup again.
Have a good trade.
USDCHF Pending Long Trade - Power of Fib Trade what see:
USDCHF very over extended after a huge bullish run.
This run came to an end and the market peeled back to its 21.8% retracement level.
Give the USD sentiment at the moment, this trade has great potential for another leg higher.
First of all we need to break the resistance trend line.
Will update once position is live.
Swissy Pull-back tradeSwissie USDCHF rallied to the Weekly trend line (almost), I'm expecting a deep pull back on this pair at least to 61.8% of the latest wave, waiting for break out and flag for SELL confirmation
Possible SHORT and then LONG after Right Shoulder formationPossible LONG after Right Shoulder formation, keep an eye on this one.
Thank you for your comments
May the BIG profits be with you all
EURCHF - Trading to new lows First Trade of the week and nothing particularly clever about this trade.
Market seems comfortable with sell offs, followed by profit taking.
Several structured resistance levels which are using as protection for the stop loss
Happy Monday ...
EURCHF - Expected moves higher Hi Guys
On the daily time frame this pair has been following a lovely bullish channel
This has great potential for shorts, once we get a confirmed break and close lower
Until that point in time, this pair can provide us with some pips.
Expected moves around the supply/demand zone via white arrows.
Thanks
GBPCHF - pullback into slingshot long The Tory Government in self destruct mode again causing Asian trades to dump the £ last night
On GBPCHG we are siting in a lovely position to run to the next feb level.
Have a great week - hoping this one isnt as ZZZZZ as last week
USD/CHF Swissy longer term short play off 200dmaWe got a lovely rejection wick off the daily on Friday and it beautifully bounced off the 200dma and a falling trend line. Great bit of confluence. Stops above that wick and shoot for a 50% retrace on that type of move the 50 back gives us a RR ratio of 3.5-1. Might even get down to previous lows if wanted to stretch for longer targets but don't be greedy.
USDCHF. Buy on dips. Risk/Reward > 4Hello, it looks like we have finished the abc correction after a stong impulse upside in wave A.
The wave c in abc correction was 5 wave impulse with an ending diagonal in wave 5 of 5 of 5.
We already have a strong upmove in place. Buy on dips seems to be a good trade as Risk/Reward > 4.
Target 0.9920 (C=A).
Stop 0.9583 (below current impulse)
USDCHF- Potential Bearish Bat PatternOn the Swissy hourly time frame, we've noticed a potential bearish Bat pattern is forming. X-A leg is clearly delineated completing down at .95860's followed by A-B retracing approx. 55%. B-C retraces just touching the 78.6%. Prospective C-D 88.6% retracement completion around .97450's
USDCHF - Potential Bullish Bat PatternBullish bat pattern developing on Swissy. We have the (X-A) leg completing at .97728, followed by the (A-B) leg retracing 57%. (B-C) then retraces 96% to .97657, but as you can clearly see it does not violate our (X-A) leg high, so we are still in play. (C-D) leg's 88.6% potential completion comes in at .94760's above a notable level of structure.
USD/CHF SHORT IDEA - TRADING WITH THE SMART MONEYWhether we like it or not we're playing the game of the banks. It's their market and they'll do whatever they can to make the most out of it, so what a better way to play the game other than riding the waves with them? :) .
After all if I'm not mistaken 10 of the major banks of the world control well over 50% of the total volume traded in FX so you better be on their side.
EUR/CHF Short!Short on the EUR CHF pair. EURCHF looks like it will be turning from the resistance line and head down towards the gap. We've also shown rejection at the resistance with a lower high, so I will aim for a lower low around .1618 of the first wave. Nice crossover on the daily stoch. If it hits the stop loss, then everything will be invalid. Good RR ratio.
EURCHF DailyEURCHF We can see price is forming a falling wedge on this pair.
Swiss PPI and Monetary Projections tomorrow will show clear direction.
USDCHF Daily USDCHF is testing an important zone which has served as support in september october and november in 2016.
Now after price made a double top and broke the channel is headed down to this zone.
I will wait for more bearish confirmation so keep an eye on this zone!
USDCHF SHORT / DOUBLE TOP Double top at daily resistance following divergence. Targeting a 1.272 Fib extension.
