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Trend-pattern

USDCHF AnalysisGood afternoon traders, here's my analysis on USDCHF, here we can see a wedge pattern forming. We are waiting patiently to see if we can get a break of this structure and if price is to retest, proving good entry opportunities, we then could go down to the 4 hour to look for good r/r setups. From a COT perspective we can see the CHF at its strongest according to NET POSITIONS in the last several months.. but this is not due to banks buying the asset, they are simply removing shorts & therefor reducing exposure. This is why we can see the pair consolidating in this pattern. The fact that the CHF is in its strongest net positions is from a reduction of shorts.. the banks are not buying CHF. This information we can gather from the banks gives me a short CHF bias.. we also need to consider how closely the CHF is affected by market sentiment related to the pandemic (risk on/off). We are watching closely to see how this pair will react.
Long
by Ironclad_Investments
1
BTCUSD Fisher Transform of OBVFor this chart I utilized the Fisher Transform of the On Balance Volume (OBV) to identify common patterns not particularly discoverable by looking at price alone. Notice I do not portray a forecast using the same candle movement as when the fisher pattern indicates a repeating trend. This is because the price action will most likely not follow the same historical price pattern. What the Fisher Transform has identified for us is a common wind up characteristic only seen by a Gaussian normal distribution of the action. In this way, the indicator highlights when prices have moved to an extreme, based on recent prices. In this case we are considering the On Balance Volume (OBV). Note that this is simply an idea and should not be taken as a prediction with targets. You can see the efficacy of this indicator by looking at the following charts which were intended with price prediction in mind.
BITSTAMP:BTCUSDEducation
by embeddedthought
3
USD Correction confirmedUSD correction to major currencies confirmed, as we have posted on Monday. Check our posts for this week. USDCHF currency pier perfectly formed pattern wedge and closed signal well. But don't forget about Non-farm employment change from United States. Remind you that last month Non-farm employment change has dropped to 160k from 224k, this month we expect 164k, which almost same level and if this forecast will be right, correction will gain next week. Lets follow the news.
Short
by AmiranAzaladze
BTC failed to gain -> Head and Shoulders, Possible dip to $3650BTC failed to regain any level today, rejected the big levels and put in a lower high. In addition to this we are currently making a new h&s pattern which has a good statistic rate of playing out bearish. I'm looking for a final target for my short at 3650 right above the liquidity zone. We might dip into the liquidity zone so I will have my buy-orders stacked at that area to get a good exit on my short and possibly flip long. Trade with caution
BITMEX:BTCUSD.PShort
by Pineapple1k