There is a confluence in the weekly and 4HR chart. Both have buy signals so it means we buy the USD at 0.945, place a stop loss at 0.94 and take profits at this year's highs of 0.98. More details at my analysis at forex.today
Last Friday (Yellow Triangle on chart) I pointed out that I thought the Franc would yield up some turf to the Dollar, which seems to be the case this week. Right now the Dollar is testing recent supply area. I've drawn in a new support trendline, but the Swiss is a hard nut to crack. Price action will need to close above area of supply resistance. If that happens...
Hey guys, We have been in accumulation for a few hours now. I am just playing a few pips the technical rebound on this trade as shown in my chart. Any comment/like is highly appreciated. Cheers Jesse
Hey guys, As you know I have been bullish on USD/CHF for quite a few weeks now. Let me show you something interesting. If you use MP analysis, you can see that the clusters which have the most volumes (the green and red lines) have been successfully tested by the daily candles multiple times. These clusters acted as resistances and are now supports. The...
I've been watching this setup for quite some time now and it's finally coming together with a beautiful crab harmonic. MA (10) has just crossed over MA (20) upwards and price is holding above both. I suggest waiting for current daily candle close - if it closes above the pink neckline and both MA's, take it long and come back to the screen in a week - Reiss
USDCHF has dropped strongly and reached our forecasted support. We’re now seeing major support above 0.9408 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to 0.9465 resistance (swing high resistance, Fibonacci extension). Stochastic (34,5,3) is seeing major support at 5.6%...
Intro: USDCHF dropped strongly from our selling area and reached our profit target. Time to start buying again. Buy above 0.9408. Stop loss at 0.9375. Take profit at 0.9486. Reason for the trading strategy (technically): Price has dropped strongly from our selling area and reached our profit target perfectly. We are now seeing major support at 0.9408 (Fibonacci...
USDCHF has risen strongly and is fast approaching major resistance at 0.9466 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to drive price all the way down to 0.9405 support (Fibonacci retracement, horizontal pullback support) before 0.9324 support (Fibonacci retracement, horizontal swing low...
Intro: USDCHF has reached our profit target bagging us some good pips. We prepare to sell as we’re approaching strong resistance. Sell below 0.9467. Stop loss at 0.9499. Take profit at 0.9408. Reason for the trading strategy (technically): Price has shot up perfectly from our buying level yesterday and has reached our profit target. We prepare to sell below...
USDCHF is up to broke the weekly resistance, this weekly candle is very important because if it close above 0.94400 this will confirm the uptrend
USDCHF has made a bullish exit of its descending resistance-turned-support line signalling that we could be seeing some bullishness. However, we're seeing major resistance at 0.9405 (23.6% long term fibonacci retracement, 100% fibonacci extrrension, horizontal swing high resistance) that needs to be broken before opening up a potential rise to 0.9459 (Fibonacci...
Intro: USDCHF has broken our strong descending resistance line, huge potential for a rise from here. Buy above 0.9406. Stop loss at 0.9377. Take profit at 0.9462. Reason for the trading strategy (technically): Price has broken major descending resistance-turned-support line signalling a possible rise from here. However, we’re still seeing major resistance at...
Possible LONG after Right Shoulder formation, keep an eye on this one. Thank you for your comments May the BIG profits be with you all
Intro: USDCHF is testing some really strong resistance now, good opportunity to start going short. Sell below 0.9390. Stop loss at 0.9415. Take profit at 0.9321. Reason for the trading strategy (technically): Price is testing major resistance at 0.9390 (Fibonacci extension, bearish harmonic formation, descending resistance) and a strong reaction could occur at...
Hi guys, Wanted to share with you my view on USDCHF. It looks like DXY rebounded from the support line of the corrective phase of the pair after the strong impulse. We should now go and test the highs of this structure and could also see a breakout. Cheers Jesse