Hi guys, USDCHF is having a correction but I think it's a good level to buy it again. Feel free to comment/like my ideas Cheers Jesse
The structure shows price in a correction, meaning there is one more push upward. But considering the levels of support, if the first is broken. I'm selling to the next one, then move to BE. If the second one is broken, my target should be the next fibbonaci expansion level. In case the second level isn't broken, I'll consider some longs. Just an idea, not a...
Last week price tested and held key support at 0.98599 hinting further advances. A pullback and re-test of this key area of support will provide a secondary opportunity to look for longs towards the target and next key resistance area of 1.00239.
Following this uptrend will secure a short buy position in the 60/240 timeframe. Unless the updated after the US current accounts the position will stand at: TP: 0.99327 EP: 0.99145 SL: 0.98995 Risk: 1.3
Hey guys, The pair has been in a correction phase and is now I think ready to test it's previous highs! It is also making higher lows as well. ==> would buy the breakout. Feel free to comment/like my ideas ! Cheers Jesse
Buy above 0.9883. Stop loss at 0.9848. Take profit at 0.9971. Reason for the trading strategy (technically): Price is approaching major support at 0.9983 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a nice bounce above this level to push price up to at least 0.9971 resistance (Fibonacci extension, horizontal swing...
USDCHF Possible Short Scenario,wait for price to break entry level.
Eyes on USD CHF . Current Market @ 0.9912, 1st Take Profit 1.0020 , 2nd Take Profit 1.1150, Stop Loss 0.9850. USD checking the correction line @1.0000.
Sell below 0.9903. Stop loss at 0.9948. Take profit at 0.9784. Reason for the trading strategy (technically): Price continues to test our major selling area resistance. We remain bearish looking to sell at 0.9903 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a corrective drop to at least 0.9784 support (Fibonacci...
We have broken to the upside and had a successful re-test Now looking a bullish push higher which coincides with the Tax Reforms
Sell below 0.9881. Stop loss at 0.9948. Take profit at 0.9738. Reason for the trading strategy (technically): Price is now testing our major selling area resistance at 0.9881 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9738 support (Fibonacci retracement,...
Sell below 0.9881. Stop loss at 0.9948. Take profit at 0.9738. Reason for the trading strategy (technically): Price is testing channel resistance and major resistance at 0.9881 (Fibonacci retracement, horizontal overlap resistance, channel resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9738 support (Fibonacci...
Sell below 0.9787. Stop loss at 0.9836. Take profit at 0.9671. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We look to sell on the break of strong support at 0.9787 for a further push down to at least 0.9671 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic...
LONG USD/CHF. Details on chart
Last week price broke below our target and key support at 0.97622. With a failure to break back above this area we look for further declines next week towards 0.96480 and 0.95559 respectively.
Sell below 0.9874. Stop loss at 0.9896. Take profit at 0.9786. Reason for the trading strategy (technically): Price has reversed nicely below our stop loss yesterday. We look to remain bearish below 0.9874 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a further push down to at least 0.9786 support (Fibonacci extension,...