Hi All , I will be opening a sell on this pair . For question write me a line or two . Many Thanks.
We see a clear resistance at the top, but an uptrend in general. So for me there is a lower timeframe downtrend which is built by lower lows (building now atm, I used fibonacci tool for help and we saw the first lower high at fib 61.8 level and the next lower high would be at 50.0 which is exactly now. it could move because I lower timeframes are easily...
Confluence factors: -Flag pattern retracement -Possible 38.1 fibo retest -Possible support/resistance zone retest MUST READ: This is a highly risk possible trade considering that we are going against the trend. Even though, if you manage your risk wisely you can trade this potential trade with no problems.
USDCHF moved exactly to what we expected, pretty much like what happened to our analysis of GBPUSD. I hope you managed to make good profit out of it. in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart. The reversal can be seen as a inverted V, and it broke a new level, so we do not...
I think finally after almost 3 months of waiting for this one, i think this is the moment has come now. My previous analysis showed a bull flag, which failed completely since the flag never took it's shape. So i was afraid of missing a good entry for a long term short, but after that drop it has rallied up again. Today i already started to short it a bit and now i...
DXY getting stronger. USDCHF broke out of the resistance and is retesting the resistance now. Targets will be posted. Good time to go long now.
Looking for a nice sell on USDCHF just waiting for it to respect the down trend then I'll wait for a reversal pattern to form before jumping in. Keep in mind this pair moves slow. so it may take a while to hit our first target of around 100 pips then another 200+ pips to the uptrend. which is when we can start looking to buy. Just wait for a reversal pattern to...
Confluence factors: -Flag pattern -Possible 38.1 fibo retest -Support/resistance -Possible 50 EMA retest -Bullish channel You can either decide to trade the breakout or trade the retest zone. Remember breakouts confirm the patterns that we think the market is doing. In this case, we are talking about a POSSIBLE (not confirmed) flag pattern. If the price breaks...
USDCHF reversed off its resistance at 1.0057 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.0021(50% Fibonacci retracement, horizontal pullback support, 100% Fibonacci extension). Stochastic (89, 5, 3) reversed off its resistance at 95% where a corresponding drop...
The Breakout Opportunities system has just bought USDCHF at 1.00533. The system recommends entering this trade at any price between 1.00384 and 1.00652. The signal was issued because the USDCHF has broken its 24-hour high while our Speculative Sentiment Index was at -1.32482, suggesting that the USDCHF may have further to rise. A stop loss has been set at the...
The Tidal Shift Strategy has just sold USDCHF at 0.99886. The system recommends entering this trade at any price between 0.99748 and 1.00024. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.31607, which suggests that the USDCHF could be trending downwards.The 14-period...
USDCHF is approaching our first resistance at 1.0032 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.9993 (38.2% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
USDCHF continued to consolidate for Monday in week 9 and in the end, broke the low of the whole consolidation zone. It reached a new low and formed a level 4 bear trend in the chart. I was long for this pair, so I am trapped in week 9. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of...
USDCHF price break a support level so wait the pullback and short
The Breakout Opportunities system has just bought USDCHF at 1.00008. The system recommends entering this trade at any price between 0.9982 and 1.00129. The signal was issued because the USDCHF has broken its 24-hour high while our Speculative Sentiment Index was at -1.28201, suggesting that the USDCHF may have further to rise. A stop loss has been set at the...