Triple
USDCAD long expected soonI expect this down move to end soon. Trade it according to your strategy. More details in chart.
Triple topPlatinum along with other precious metals started a bull market around february. After two attempts to climb above 1000, we are now at the third of these tops and heading towards correction. I still believe the primary trend is upwards and support will be met with 50MA around 960.
Note that last three new moons (blue spots) market peaked and reached bottom around the full moon (white spots). This is definitely no coincidence and you can check it on other occasions and other markets, specially silver.
CHFJPY : Nice buying opportunityHi everybody !
It has been a while since I didn't post any idea on TradingView. I come back today with this nice buying opportunity you have on CHFJPY pair.
On january 15th, the Swiss National Bank (SNB) decided to abandon its fixed exchange rate with euro. It created a strong mess on the market and lot of traders made big losses. Now that Swiss Franc is free of move against euro, it could do better its role of a "safe haven" currency. In present time of economic uncertainty and after the strong Bank of Japan's monetary easing policy, it could be a nice bet to invest on CHF.
On the technical view, after the january panic, we can see a nice retracing move to 2014 december level. Then a triple bottom pattern came into play retracing to Fibonacci 0.764 level which has just been broken now. The retracing uptrend may continue next days.
Trade setup :
Buy : 125.200
Stop Loss : 123.950
Take Profit : 127.850
Have a nice trading week !
Best Regards,
Serge
AUDNZD Triple Top Signaling Bearish ContinuationAfter the third touch on a significant resistance level around the 1.9000 level the AUDNZD looks like it might either be ready to break out of its 4 month range and continue south. Beware of minor support lvl of 1.0750 before going short. This can either turn out to be a good range trade or the beginning of a longer term trend continuation.
Entry range - 1.0850 - 1.0880
Target Range - 1.0570 - 1.0540
Stop Loss - No higher than 1.1000
