Hi All , Trend is still bearish , so i'm a sell position with low risk . As you can see the bullish pressure earlier today wasn't strong enough . My contents are 100% free . Please donate ; For Donations paypal.me/chartbychart. I appreciate your donations. You can All follow me on Instagram ; @chartbychart_Mentoring
You might remember this post from 3 months ago, where i said this big wedge would probably be a very good guideline to trade inside of it. So far playing out almost perfectly. On the right, blue circle, i posted about it in my public channel, that it was likely to be a false break out and potentially even the high of this wedge. But today's move, seems to be a...
USDCHF - price has broken through the 1hr resistance, wait for a retest to confirm the trade is valid and place take profit at the new resistance.
Here we are looking at starting the 5th and final wave in the uptrend meaning it's time to get back to work on dollar longs once more, we have an impulse wave brewing. Let's track the charts closely, we have launched a smaller TF chart for those here who are trading the H1 initial part of this move. Best of luck
USDCHF is approaching our first resistance at 1.0027 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9955 (horizontal pullback support, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop...
Hi All , We are back again selling this pair for Short term only . As you can see price is stuck within the rectangle box , so i'm selling from the resistance which is the top of the rectangle box and tp at previous low . My contents are 100% free . Please donate ; For Donations paypal.me/chartbychart. I appreciate your donations. You can All follow me...
Hey Nice risk/reward ... Good luck .
Hi traders, USDCHF shows some buying momentum on the H4 candle, after a break out of the falling short-term channel. The pair is now moving sideways, signalling the selling pressure decreased. The pair is currently trading near a longer-term rising channel, and failed to break below the 61.8% Fib retracement. This could mean that the underlying uptrend may...
Hello Everyone! Looking at the lower time frames USDCHF is making new lows and lower highs, so far price has reached mutli-sessions downtrend line where I see hidden divergence, there are possible 2 cases here, Case 1: Market may fell and makes a double bottom and then carries on testing prior highs, so in this case execute trade once it breaks the trend...
Long USDCHF on a break of the Kumo and the bullish slope.
USDCHF is approaching our first resistance at 1.0027 (horizontal overlap resistance, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 0.9955 (horizontal swing low support, 76.4% fibonacci retracement). RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off...
USDCHF is approaching its support at 0.9980 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing low support) where it may bounce up to its resistance at 1.0024 (32.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (34, 5, 3) is approaching its support at 3.6% where a corresponding reversal may occur.
USDCHF move exactly as expected from our analysis on week 7. Finishing the week with a volatile Friday. However, I changed something to the week 7 analysis to reflect a more accurate trend movement. In our Week 7 analysis, I actually used a H&S to reflect the level 3 reversal zone. But after considering the move this week, I decided to change to better reflect...
USDCHF is approaching our first resistance at1.0026(38.2% &50% Fibonacci retracement , 100% Fibonacci extension , horizontal overlap resistance) where we might see a drop in price to our first support at 0.9982 (100% Fibonacci extension , 61.8% Fibonacci retracement, horizontal swing low support ). Stochastic (55,5,3) is also approaching resistance and we might...
Hi All , I don't normally post new trades on thursday .This is one of our sign off for the week trade . As you can see the bullish engulfing candle just in support , supported with The trend line . Remember Sl to Entry when price move into our direction , Already in and my SL at entry for me . :) GD luck
Follow the arrows :) (only entering if current 4hr candle closes as bearish engulfing)