As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9965. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9915. TP4: S2=0.9885. Set the stoploss of these orders at breakout of R2=0.999. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9965. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9915. TP4: S2=0.9885. Set the stoploss of these orders at breakout of R2=0.999. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
The master will do anything that will give him profit so we look every chart with care if my macroeconomics are good and the usd economy enter in bearish formation will help this short idea to make it happen , so we wait one more fake up side and then boom , fall from the sky and short it to the bottom 0.96000 and next station 0.92000 for long term SHORT ! Wait...
The previous trade overreached it's target by a lot, so i am going to take another trade on this one. It's not a beautiful bear flag, but because of the extra profit i am going to take it on. Good risk reward as well. On the left we can see a possible long term scenario. If this play out, i will try and make trades during those waves, assuming the general...
USDCHF is approaching our first support at 0.9954 (horizontal overlap support, 38.2% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0019 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should...
USD/CHF Recently broke its upward momentum and has begun a downtrend. We are currently testing resistance. If USD/CHF fails to break this resistance level , we can expect further downward movement. Side Note: We see that the blue resistance has been broken, this may be an indication of bullish momentum, although I see it as a small structure break before a...
USDCHF is approaching our first support at 0.9923 (C) where a strong bounce might occur pushing price up to our major resistance at 0.9960 (horizontal overlap resistance, 23.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the...
GBPJPY is approaching its resistance at 146.11(100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 144.85 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
USD/CHF has formed TWO Bear Flags on the Hourly Chart. The first was smaller, and broken downward where it created a second bear flag. IF we see confirmation of the larger Bear Flag, expect further retracement. RSI is NOT OVERSOLD yet, which gives us room for bearish price movement.
USDCHF is approaching our first support at 0.9910 (horizontal overlap support, 100% Fibonacci extension, 78.6%, 38.2% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 0.9991 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support...
USDCHF is testing its resistance at 0.9956(100% Fibonacci extension, 23.6 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9917 (horizontal swing low support) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
I'm going to try this little Cypher just before the US Housing news... Entry: 0.99079 SL: 0.98429 TP1: 0.99924 (.386CD) TP2: 1.00448 (.612CD)
The Trend Follower Strategy has just sold USDCHF at 0.99375. The system recommends entering this trade at any price between 0.99245 and 0.99505. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50909. This suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.996. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9915. TP4: S2=0.99. Set the stoploss of these orders at breakout of R2=0.9975. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.996. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9915. TP4: S2=0.99. Set the stoploss of these orders at breakout of R2=0.9975. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.994. TP4: S2=0.9905. Set the stoploss of these orders at breakout of R2=1.001. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...