Buy above 0.9858.
Stop loss at 0.9796.
Take profit at 0.9970.
Reason for the trading strategy (technically):
USDCHF is approaching support at 0.9858 (100% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where we expect price to bounce up to its resistance at 0.9970 (61.8% & 50% Fibonacci retracement, horizontal overlap...
First of all, I want to apologize about this months I was offline. Since now, big things are coming.
As to the chart, after a big impulse from this pair, price has stopped at 1.00 psychological level of resistance. RSI is showing some divergences wich could indicates us a possible short movement this week.
Also, at the 1 hour chart, we can see a typical...
USDCHF is approaching our first support at 0.9901 (horizontal swing low support, 61.8%, 76.4% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0026 (horizontal swing high resistance, 76.4% fibonacci retracement, 61.8% fibonacci extension). A breakout above our...
Market failed to cross strong resistance level below the 50 EMA on 4H and formed a nice engulfing bearish candle
Enough confirmation to short now with stops above the swing high
Please leave a like and comment if you agree
good luck
USDCHF is approaching its support at 0.9902 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap support) where we price could rise to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding...
When MPP (P) functions as a resistance line, consider long entry.
First limit: WePP (P) 0.99610
Second limit: 1.00000
Third limit: 1.00400
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points...
When MPP (P) functions as a resistance line, consider long entry.
First limit: WePP (P) 0.99610
Second limit: 1.00000
Third limit: 1.00400
I would be grateful if you like it idea,give me follow or agrees!
------------------------- --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points...
USDCHF has bounced off its support at 0.9905 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support, ascending support line) where price could move up to its resistance at 0.9973 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support at 3.1% where a corresponding rise could occur.
USDCHF has bounced off its support at 0.9905 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support, ascending support line) where price could move up to its resistance at 0.9973 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support at 3.1% where a corresponding rise could...
USDCHF is testing its support at 0.9901 (100% & 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support, ascending channel support) where a bounce up to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) is expected.
Stochastic (55, 5, 3) is testing its support at 2.8%...
USDCHF is testing its support at 0.9901 (100% & 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support, ascending channel support) where a bounce up to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) is expected.
Stochastic (55, 5, 3) is testing its support at 2.8%...
USDCHF is approaching our first support at 0.9957 (horizontal pullback support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0035 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also...
Price is approaching our first support at 0.9990 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0059 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension).
RSI (89) is also approaching support where we might see a corresponding rise in price...
USDCHF is approaching our first support at 0.9990 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0059 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension).
RSI (34) is also approaching support where we might see a corresponding rise in price...
USDCHF Failed breakout leading to another test and strong rejection of the ascending trendline followed by a break above the resistance zone.
Details are on the chart. Always use proper risk management.
Happy Trading!
USDCHF is approaching our first support at 0.9963 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0067 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our major support where a...
USDCHF approaching support at 0.9960 (100% Fibonacci extension, 50% Fiboancci retracement, horizontal overlap support) where price could rise to its resistance at 1.0066 (horizontal swing high resistance). Stochastic (55, 5, 3) is testing its support at 3% where a corresponding rise could occur.
