Whether we like it or not we're playing the game of the banks. It's their market and they'll do whatever they can to make the most out of it, so what a better way to play the game other than riding the waves with them? :) . After all if I'm not mistaken 10 of the major banks of the world control well over 50% of the total volume traded in FX so you better be on...
This consolidation is likely to be followed by an upward move (wave 5). USDCHF may be starting a bullish trend. P.S: This content is for educational purposes and discussion. Good luck.
usdchf seems to be the only pair bucking the trend. If the pair is rally so much when dollar is weak, what happens to it when dollar starts moving. I would go long at that TL and a stop below the recent low and the horizontal support. Target parity, its not too much to ask for is it. ?
I'm expecting price to be above .9500 at 11PM.
I'm expecting USDCHF to be below .9500 at 11PM.
I'm expecting USDCHF to be below .9500 at 11PM.
Price bounced from the support level and RSI confirmed price reversal. Bullish divergence formed by price and MACD lines gives us a trend reversal signal. DMI allows open long trades. We have long opportunity. Buy-stop orders should be placed above 0.97000 level with stop orders below 0.95400 level. Profit target should be at MA100 or the resistance level.
-looking for a long-term bearish trend resumption -look for trend reversal on lower time frame once pattern is complete for entry (around 0.974) stops above 0.98 1st target 0.962 (or 0.966 if you weak.)
Sell below 0.9679. Stop loss at 0.9701. Take profit at 0.9630. Reason for the trading strategy (technically): Price has continued its rise perfectly as expected and has reached our profit target again for the 3rd time in a row. We prepare to sell below 0.9679 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) for a drop...
we have down trend we have to wait the price break the trend and last top to buy and if the price close down from the trend we have to wait one 4H candle and sell
ENTRY: 0.96856// SL: 0.99// TP: 0.85390
USDCHF on the daily time frame is forming a beautifull buy setup. As we speak the 4 hour time frame shows a similar setup. The trading range is narrowing and today the price already spiked above it. Stoch Rsi shows a nice bullish cross-over and at ADX we can see a sharp bend down of the red line and a sharp bend up of the green line which is usual a reversal sign,...
USDCHF has been falling rapidly due to weakness in the USD. It has fallen all the way to major Daily support around 0.97000 where it has bounced nicely twice and since has been consolidating for a few days. I can see some more upside to retest the major resistance around 0.98000 price area but the longer term direction of this pair (whether it breaks the...
This trade was placed and is a working order due to price behavior around the 5 EMA on the daily time frame. Risk is 4.95% of account balance and reward is 68.44% of account balance.