Buy above 0.9519. Stop loss at 0.9483. Take profit at 0.9617. Reason for the trading strategy (technically): Price has dropped absolutely perfectly to our profit target. We prepare to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal...
Looks like we pushed though the demand zone there. The area should now act as supply. Watch price action closely for bearish flag pattern to shape up to get prime short entries. High probability scenario. Happy trading
Sell below 0.9669. Stop loss at 0.9701. Take profit at 0.9589. Reason for the trading strategy (technically): Price continues to make lower lows whilst retracing each time. We remain bearish looking to sell on strength below 0.9669 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop to at least 0.9589 support (Fibonacci...
USD/CHF BEARISH HARMONIC BAT PATTERN
Sell below 0.9669. Stop loss at 0.9701. Take profit at 0.9589. Reason for the trading strategy (technically): Price has touched our selling area and reversed perfectly. We remain bearish looking to sell below 0.9669 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop to at least 0.9589 support (Fibonacci retracement, fibonacci...
Sell below 0.9699. Stop loss at 0.9732. Take profit at 0.9589. Reason for the trading strategy (technically): Price is approaching a major level of resistance at 0.9699 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a major reaction off this level for a drop to at least 0.9589 support (Fibonacci extension,...
Sell below 0.9697. Stop loss at 0.9732. Take profit at 0.9588. Reason for the trading strategy (technically): Price touched our buying area from Friday and has bounced off perfectly whilst continuing its rise towards our profit target. We prepare to sell below major resistance at 0.9697 (Fibonacci retracement, horizontal overlap resistance) for a push down to at...
USDCHF has formed a significant bullish engulfing candlestick after bouncing off a previous support level. A significant bullish engulfing on the weekly timeframe also recently closed. SL set below previous lows, TP set at previous highs.
Buy above 0.9598. Stop loss at 0.9557. Take profit at 0.9697. Reason for the trading strategy (technically): Price has creeped closer to our major buying area since yesterday. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to at least 0.9697 resistance (Fibonacci retracement,...
Buy above 0.9598. Stop loss at 0.9557. Take profit at 0.9697. Reason for the trading strategy (technically): Price has shot down perfectly from our selling level and reached our profit targets. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.9697 resistance (Fibonacci retracement,...
Sell below 0.9770. Stop loss at 0.9809. Take profit at 0.9671. Reason for the trading strategy (technically): Price has reached our profit target perfectly from Monday. We prepare to sell below major resistance at 0.9770 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.9671 support (Fibonacci retracement, horizontal overlap...
Buy above 0.9593. Stop loss at 0.9560. Take profit at 0.9671. Reason for the trading strategy (technically): Price has dropped and reached our buying level before bouncing up perfectly. We remain bullish above major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up to at least 0.9671 resistance (Fibonacci...
• Monthly- breakout from bullish trend • Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week - Last week was retest of breakout of daily channel • Daily- bearish spinning top, trend could have found support at 61.80% fib level - Inverted Head & Shoulders pattern • 4 hour- inverted bullish hammer with potential MACD crossover for...
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USD/CHF is heading down to the the daily horizontal support. Chart is pretty self explanatory.
Buy above 0.9593. Stop loss at 0.9560. Take profit at 0.9671. Reason for the trading strategy (technically): Price is approaching major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and we intend to see a nice bounce above this level for a push up to at least 0.9671 resistance (Fibonacci retracement, horizontal...
• Monthly- breakout from bullish trend • Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week • Daily- Trend has crossed over 21 MA and both MA about to cross • 4 hour- potential pull back in area of resistance will look for breakout before going long • Hourly – MACD signalling bearish move which could be just the pullback will...