Sell below 0.9981. Stop loss at 1.0000. Take profit at 0.9942. Reason for the trading strategy (technically): USDCHF reversed off its resistance at 0.9981 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.9942 (61.8% Fibonacci extension, 61.8% Fibonacci retracement,...
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...
TP = 0.98981 hit as USDCHF broke the Rectangle on 4H, got rejected on the 1.00564 Resistance and eventually found support at 0.98679. There is a Triangle pattern forming on 1D whose RSI = 56.328, MACD = 0.000, Highs/Lows = 0.0015, B/BP = 0.0018 all point towards neutrality. We are taking advantage of this by adding a short with TP = 0.99173.
Today I am going shorton USDCHFand other dollar pairs. Donald trump has been aggressive towards china with the tariff threats so I see an intense week ahead for the bearish USD to finish out the wee, month and possibly even the quarter. Happy trading keep in mind my setups are intraday and the trends can change at any moment. Manage you risk and take educated...
USDCHF is approaching our first resistance at 0.9990 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9930 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is approaching resistance and we might see a...
Today I am going to continue a short position on the USDCHF due to a bearish contiuation on the 1HR time frame. Here I have displayed it on my charts. My trading style is trading but you can possibly hold some positions much longer. Check out my analysis I would love you feedback. Happy trading.
Price is approaching our first resistance at 0.9984 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where price might drop to its support at 0.9910 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias....
Active bearish bat pattern with extremely low risk on the double doji wicks.
USDCHF is approaching our first resistance at 0.9982 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 0.9910 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is seeing a...
usdchf is in a corrective wave now watch for an impulse to enter short to reach our outer channel. simple analysis = simple pips. trade with the banks and not with the retail traders.
Price is approaching our first resistance at 0.9977 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where price might drop to its support at 0.9910 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding...
Sell below 0.9977. Stop loss at 1.0003. Take profit at 0.9907. Reason for the trading strategy (technically): USDCHF is approaching its resistance at 0.9977 (61.8% & 50% Fibonacci retracement, horizontal swing high resistance, channel resistance) where it is expected to reverse down to its support at 0.9907 (61.8% Fibonacci extension, 61.8% Fibonacci...
USDCHF False breakout followed by strong bullish momentum Details on the chart. Note NFP so be weary. Happy Trading!
Sell below 0.9911. Stop loss at 0.9936. Take profit at 0.9859. Reason for the trading strategy (technically): USDCHF broke out of its ascending support line where it is not testing its resistance at 0.9911 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where price is expected to reversed and fall to its support at 0.9859 (76.4% Fibonacci...
Price is approaching our first support at 0.9857 (Horizontal swing low support, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9904 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and a...
USDCHF is approaching support at 0.9858 (100% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where price could potentially bounce up to its resistance at 0.9970 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is testing its support 4.37% where a corresponding bounce could occur.
USDCHF is approaching our first support at 0.9857 (Horizontal swing low support, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9904 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and a...