Tl
USD/CHF close to a major breakoutHi traders,
I am watching this USD/CHf very close which I believe its very close to break this wedge that he is in since end of last year. A brake and CLOSE above 9830 will confirm that this pair is start a new 'breakout cycle' which will look very similar to the price action which we have seen on USDJPY in the last two days.
Thank you!
DAILY BEOB NEW SIGNAL-
Type : Pending Order
Date : 22.7.2016
Time : 12:00 GMT+1
Technical : Daily BEOB at strong supply zone, with trend following
Pair : USDJPY
Timeframe : DAILY
Trade setup : SELL STOP
Entry at : 105.398
Take profit 1 : 100.00 ( 539 pips )
Take profit 2 : /
Take profit 3 : /
Stop loss : 107.891 ( 249 pips )
Reward risk :
TP1 – 2:1
TP2 – /
TP3 - /
Our risk :
-Full bar risk (ie entering near a break or having a full bar to work with - stop behind the bar) = 3% risk
EURGBP Short: Potential Cypher Complete at Trendline ResistanceEURGBP is nearing the PRZ of a bearish cypher. The PRZ may be confluent with 2 trendlines, one wick to body and one wick to wick and may also be backed by additional resistance from structure highs and 1.13XA. Entry is placed at .786XA with SL above structure high and targets at .382 and .618 retracements of the CD leg.
Confluence in the PRZ:
Bearish Cypher
2AB=CD
1.272BC Projection
Trendline resistance (2X)
Resistance from structure high
EURCAD Looking very bullishMy thoughts for this trade
This Pair is looking very bullish at the moment.
-A couple of Long term (Weekly) Fibonacci
-Monthly, Weekly and Daily MA's bullish (My MA's of course)
-Daily Break retest and continuation of 1.5000 Monthly Res level.
Price ready for entry with liberal stop. I Will see how market opens and potentially
wait for price to enter a better buy zone.