Sell below 0.9981. Stop loss at 1.0037. Take profit at 0.9877.
Reason for the trading strategy (technically):
Price is now testing significant resistance at 0.9981 (multiple Fibonacci extensions) and we intend to see a small corrective move to at least 0.9877 (Fibonacci retracement, horizontal overlap support). Caution should be exercised on this trade as we...
Sell below 0.9939. Stop loss at 0.9978. Take profit at 0.9832.
Reason for the trading strategy (technically):
Price has started to react off major resistance at 0.9939 (76.4% Fibonacci retracement, Fibonacci extension) and we expect to see price being pushed down to at least 0.9832 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3)...
Sell below 0.9861. Stop loss at 0.9978. Take profit at 0.9703.
Reason for the trading strategy (technically):
Price has reached our selling area and is starting to react off it nicely. We remain bearish below major resistance at 0.9861 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) and we expect to see a strong reaction off this...
Sell below 0.9861. Stop loss at 0.9978. Take profit at 0.9703.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.9861 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) and we expect to see a strong reaction off this level to push price down to at least 0.9703 support (Fibonacci retracement,...
Last week the UsdChf broke above the key area of resistance at 0.97622 and re-tested it before trading higher into the 0.98500 area. We go into next week looking for a Bull flag type correction to provide an opportunity for longs up towards the target of 0.98783.
Following a weak summer for the US Dollar, momentum has begun to pick up again over the last month as the chances of a December rate hike have increased and traders are starting to price this into the markets once again. In Switzerland, rates remain in negative territory and the Swiss National Bank seem committed to an expansive monetary policy. This policy...
USD/CHF made gartely harmonic pattern its started 4th of October
It told us that there is a good profit if we make a long position to take profit 1 @0.97623 Green line then TP2 @0.97727 yellow line and finally @0.97810 red line after reaching this point we will talk about higher targets
Let's talk about higher targets later :)
like ,comment and follow ...... its so easy :)
Buy above 0.9741. Stop loss at 0.9704. Take profit at 0.9809.
Reason for the trading strategy (technically):
Price has dropped further and is in a strong descending wedge formation. The plan is to go flat now and buy on the bullish exit of this formation. We look to buy on the bullish break of 0.9741 (Horizontal overlap resistance, Fibonacci retracement,...
Buy above 0.9741. Stop loss at 0.9704. Take profit at 0.9809.
Reason for the trading strategy (technically):
Price is testing major support at 0.9741 (Fibonacci extension, Fibonacci retracement, bullish divergence) and we expect a nice bounce above this level to push price up to at least 0.9809 resistance (Fibonacci retracement, horizontal swing high resistance,...
Buy above 0.9760. Stop loss at 0.9706. Take profit at 0.9834.
Reason for the trading strategy (technically):
Price is approaching major support at 0.9760 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a bounce above this level to push price up to at least 0.9834 resistance (Fibonacci extension, horizontal swing high...
The price is going to reverse from the resistance zone formed by the downtrend line and 0.97700 level. RSI and a reversal candlestick pattern confirm price reversal. MACD histogram also reverses and it will support downward movement. DMI gives a bullish signal but ADX line is near 20 level and it allows us to open short trades. Pending orders for sell can be...
