USDCHF approaching resistance at 0.9758 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 0.9702 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching resistance at 97% where a corresponding reversal could occur.
wait for reaction on ressistance first or second...it would be good RR and high probabilty of going low
It is touching the Bollinger Bands and the stochastic indicator shows overbought. A reversal is on the cards. TP - 0.96890
Sell below 0.9713. Stop loss 0.9740. Take profit at 0.9655. Reason for the trading strategy (technically): USDCHF is approaching its resistance at 0.9713 (61.8% Fibonacci extension, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.9655 (horizontal swing low support). Stochastic (89, 5,...
USDCHF is approaching our first resistance at 0.9811 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2%, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9658 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance where a reaction below this...
USD / CHF 0.01% we are waiting for the break of the channel to enter short or a slight rise to resistance levels and enter short we go for this week 500 pips more regards I hope you comment and your analyzes
Second target reached earlier today which I wrote about here . Currently the pair has found support right around 0.96750. Retail trade sentiment is biased long while market momentum continues to decline. Further downside seems ahead, although the pair might stabilize within the present price area. Target III might be a little bit trickier to hit as we'll be in...
Even though my entry from the trade I posted here was premature it worked out nicely and my initial target was reached. New Target TWO has been set @0.9666 (how deliciously wicked!), which nicely coincides with the 1.618 Fib Extension level off of the 07.13 high. I've moved my stop to trail above the 40 period EMA, which should be enough wiggle room within this...
USDCHF is approaching our first resistance at 0.9805 (horizontal pullback resistance, 23.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9692 (100% Fibonacci extension). RSI (89) is seeing a bearish exit and might see a corresponding drop in price. Trading...
USD CHF / H4 / Technical Analysis Market has reached strong support level ,, with double bottom
USDCHF is approaching our first resistance at 0.9865 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9788 (horizontal swing low support, 100% Fibonacci extension). RSI (89) is seeing a bearish exit and we might see a corresponding...
Another pair reached a very reactive level. Risk reward very atractive here for a buy.
TP = 0.99173 hit as an aggressive 1D sequence (RSI = 36.832) has broken the previous Triangle pattern to the downside (Highs/Lows = -0.0049, B/BP = -0.0089). 1D is now testing the first support at 0.98574 (last being at 0.97933). We are going long now on USDCHF with TP = 0.99727 (near the first 1D Resistance).
Clear support and resistance, oversold RSI with a good risk/reward ratio.
Buy above 0.9858. Stop loss at 0.9800. Take profit at 0.9983. Reason for the trading strategy (technically): USDCHF is approaching its support at 0.9858 (61.8% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9983 (61.8% Fibonacci retracement, horizontal swing high...
USDCHF makes Triangle Pattern (Symmetrical) keep wait for breakout then enter your trade Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if...
USDCHF reversed off its resistance at 0.9981 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 0.9942 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
USDCHF is approaching our first resistance at 0.9992 (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 0.9930 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching...