Probably getting a 3 wave correction of a 5 wave at this point. I just never liked how stunted it looked. But serious divergence on 4 hr. Ending diagonal for 5.
- nice head and shoulders pattern on 1H USDCHF with broken neckline - highest volume on the left shoulder and lowest on the right shoulder confirmed H&S pattern - waiting for pullback and open short around 1.00375
That green area is a daily bearish orderblock that is now being used as a resistance for the third time. So far this is the longest consolidation inside of it since we broke below in March 2017, which is a good indication that the resistance is weakening and may be broken anytime. On the 4H chart, we've hit the local sweet spot for a retracement and are...
The Trend Follower Strategy has just bought USDCHF at 1.00624. The system recommends entering this trade at any price between 1.00512 and 1.00736. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.52508. This suggests that the USDCHF could be trending upwards.The 14-period Average True Range on a daily chart is...
The Tidal Shift Strategy has just sold USDCHF at 1.00266. The system recommends entering this trade at any price between 1.00125 and 1.00407. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.17476, which suggests that the USDCHF could be trending downwards.The 14-period...
USDCHF is approaching our first resistance at 1.0096 (Horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9974 (horizontal pullback support, 100% fibonacci extension, 50% and 23.6% fibonacci retracement). Stochastic (89,5,3) is also...
ACCORDING TO PRICE ACTION MIXED WITH FIBO EXTENTION
After hitting key resistance, this pair had a huge bearish engulfing pattern, which is a sign of bears stepping in. With the US Dollar Index also hitting a roadblock, it seems like we will see a temporary (or long-term?) decline in the USD, at least till the NFP later today. I would rather be short than long at this point of time.
USDCHF is approaching our first resistance at 1.0096 (Horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9974 (horizontal pullback support, 50% fibonacci retracement, 23.6% fibonacci retracement). Stochastic (89,5,3) is also...
You can trade this, selling this USD/CHF but trade carefully
USDCHF is testing its resistance at 1.0056 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.0001 (61.8% Fibonacci retracement, horizontal swing low support) could occur. Stochastic (89, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
Technical Analysis Market Type - Potentially bearish after establishing a higher high. So let's create a trading plan for USDCHF past week we saw a slight bull run towards 1.00240 Since then we saw a heavy divergence on 4h Frame and price is falling ever since. So what we will to is to cast a structured ladder from 0.99952 - 1.00040 Our stop loss for...
It seems that finally we are dealing with the down move. If you are not in, wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell. Don’t take a trade if you don’t see clearly when big guys are in. Forex signals premium channel. Join us! t.me
The breakout of the blue trendline, it will give a bearish signal with the first target a 0.97300 and the second one in the area 0.96000/0.96450. Stop loss at 1.00400/1.00450.
If chart don't break the Daily resistences, short for 200Pips+
The Tidal Shift Strategy has just bought USDCHF at 0.99559. The system recommends entering this trade at any price between 0.99463 and 0.99655. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.25723, which suggests that the USDCHF could be trending upwards.The 14-period...