USDCHF is approaching our first resistance at 0.9990 (horizontal swing high resistance, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 0.9923 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bearish divergence and...
Sell below 0.9987. Stop loss at 1.0020. Take profit at 0.9920. Reason for the trading strategy (technically): USDCHF is testing major resistance at 0.9987 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong reaction could occur from here pushing prices all the way down to major support at 0.9920 (Fibonacci retracement,...
USDCHF is approaching its resistance at 0.9987 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where we could see a reversal, causing price to fall to its support at 0.9919 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is testing its resistance at 98% where a corresponding reversal could occur.
USDCHF is approaching our first resistance at 0.9989 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.9861 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also...
Sell below 0.9987. Stop loss at 1.0031. Take profit at 0.9919. Reason for the trading strategy (technically): USDCHF is approaching its resistance at 0.9987 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where we expect to see a reversal, causing price to fall to its support at 0.9919 (50% Fibonacci retracement,...
USDCHF is testing its resistance at 0.9921 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop furhter to it support at 0.9856 (horizontal swing low support). Stochastic (34, 5, 3) has reversed off its intermediate resistance at 85% where a corresponding drop could occur.
Price is approaching our first resistance at 0.9918 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9827 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below our intermediate...
USDCHF is approaching our first resistance at 0.9918 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9827 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below our intermediate...
USDCHF is approaching our first resistance at 0.9890 (horizontal swing high resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 0.9725 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in...
USDCHF is testing its support at 0.9872 (61.8% & 76.4% Fibonacci retracement, horizontal overlap support) where a bounce could potentially occur, causing price to rise to its resistance at 0.9939 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is testing its support at 4.3% where a corresponding...
USDCHF is approaching our first support at 0.9888 (horizontal pullback support, 50%, 61.8% Fibonacci retracement) and price might rise to our major resistance at 0.9949 (horizontal pullback resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on...
Buy above 0.9888. Stop loss at 0.9857. Take profit at 0.9949. Reason for the trading strategy (technically): USDCHF is fast approaching major support at 0.9888 (Fibonacci retracement, horizontal pullback support) and a strong bounce could occur at this level to push prices all the way up to our profit target level of 0.9949 (Fibonacci retracement, breakout...
Price is approaching our first resistance at 1.0014 (78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension, Elliot wave structure) where a strong reaction might occur below this level pushing price down to our major support at 0.9912 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
This is a continuation from last week's post. Still holding partial position and may take another position out. Wait for a break and close above the flag and resistance zone. Happy Trading!
Price is approaching our first support at 0.9912 (horizontal overlap support, 38.2% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.000 (61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (34) is also approaching support where a...
USDCHF is approaching our first support at 0.9912 (horizontal overlap support, 38.2% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.000 (61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (34) is also approaching support where...
USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9892 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a...