SELL AROUND HIGHLIGHTED PRICE/PRICE, OR WAIT TILL TRENDLINE IS BROKEN
USDCHF forms a promising buy setup. There are multiple confirmations: 1) The pair is in an overall uptrend (Higher Highs + Higher Lows) and is now testing the 61.8% Fib level, which if respected might send the pair up. 2) A rising trendline is providing support at current levels. However, there are only two previous retests of the trendline (ideal would be...
Here we are once again looking at the 5th and final wave in the uptrend meaning it's time to add more exposure on dollar longs once more, we are in the beginning of an impulse wave. The support line will come into play on the technical side and we are set to mark the turning point and kick start flows till the end of summer. Let's track the charts closely, we...
USDCHF is approaching our first support at 1.0018 (horizontal pullback support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 1.0054 (38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed...
USDCHF is approaching our first support at 1.0018 (horizontal pullback support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 1.0054 (38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed...
USDCHF is approaching its support at 1.0018 (50% Fibonacci retracement, horizontal overlap support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 1.00697 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on...
We have a potential long opportunity approaching upon a rejection of the 0.618% Fibonacci, Daily 50EMA, third touch of an inner ascending trendline and round psychological number of 1.0000. Entry price would be 1.00050, with stops of 35-40 pips below. Target 1 would be initially be 1.01250 (Weekly resistance - we have not had a close above this for some time)...
USDCHF is approaching our first support at 1.0013 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.0068 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (34,5,3) is approaching support as well. Trading CFDs on margin carries...
USDCHF is approaching its support at 1.0024 (50% Fibonacci retracement, horizontal overlap support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 1.0066(50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
The Trend Follower Strategy has just bought USDCHF at 1.00296. The system recommends entering this trade at any price between 1.0019 and 1.00402. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.58586. This suggests that the USDCHF could be trending upwards.The 14-period Average True Range on a daily chart is...
USDCHF is approaching our first support at 1.001 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.0071 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries...
Hey guys, New idea, this time on USD/CHF. I am targeting the 100% fib extension, around 1.00300. Please like/comment if you appreciate my ideas. Best, Jesse
Here we have the GBPCHF with many wicks as you can see in the box trying to push up!
This was a pair that I had posted on my Instagram story and had predicted the 5th Wave from the 1.0000 area. I took a long trade from the major support and psychological area (1.0000) and my target was hit for 1.2% . I did not hold this trade up to my 5TH Wave prediction as personally, I am not a long term trader. ANYWAY... Now that price has had a nice bullish...
The 1.03000 level holds the key for this pair to reverse or continue trending northwards. As the price will likely approach the crucial 1.03000 level which has been respected on many on occasions, it is favorable for many traders to take advantage of this situation and possibly reap huge profits target with minimum stop loss. However keep in mind the certain...
USDCHF is approaching its resistance at 1.0130(61.8% & 100%Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at1.0056 ( 38.2% Fibonacci retracement). Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can...