About time for a turn? This pair is approaching a key support zone. A possible long trade could happen, those that caught the short could starts to secure their profits. wait for a nice green candle to form deeper into the zone.
Short idea for the next couple weeks on the USD/CHF. Use profit points as check points on the trend.
Buy above 1.0000. Stop loss at 0.9946. Take profit at 1.0100. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target as expected. We prepare to buy above 1.0000 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 1.0100 resistance (Fibonacci extension, horizontal...
USDCHF - bullish - 1. inverse Head and Shoulders pattern 2. neckline / trendline break 3. Bullish MACD Divergence 4. massive bullish move 5. 50ema clean break 6. 200ema clean break NB - Looking for fib pullback and to par 1.000 with neckline retest
Sell below 1.0100. Stoop loss at 1.0160. Take profit at 1.0000. Reason for the trading strategy (technically): Price is now testing major resistance at 1.0100 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from this level to at least 1.0000 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing...
If You can see the price already gone through 0.99914 and will seek to the highest Supply Zone which in the green area 0.00760 . The buying pressure is not very strong which will take time for the price to come on the supply zone.
SNB's EUR reserves are at record highs. Combined with the 1) political relief in EU 2) improving EZ economic data 3) ECB likely to start tapering QE 4) a huge current account surplus in the Euro area 5) an undervalued EUR cf. long term moving averages 6) correlation of EUR with 'risk-off' macro environment - likely to persist given overvaluation of...
Price is slowly moving towards the resistance zone at 0.995 I will be looking for a short signal when price returns back to the resistance Possible to fall to the next zone at 0.975
broken trendline and retest if we hold below on a daily, we should see bearish action.
Watch this closely for a bullish or the news may take effect!
Hi Traders, USD/CHF 4HR Short opportunity, the pullback/retest of the triangle trend lines just completed, enter short once you get a good candlestick bearish setup(eg. Pin bar, Evening Star, Double Top at Lower Time Frame etc.) GOOD LUCK!! FOLLOW AND LIKE FOR MORE OF MY ANALYSIS
Sell below 1.0068. Stop loss at 1.0114. Take profit at 0.9973. Reason for the trading strategy (technically): We continue to remain bearish below 1.0068 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) as we look to play the drop towards 0.9973 support (Fibonacci retracement, Fibonacci extension). Stochastic (34,5,3) is...
Price has rejected bearish trend line and broken bullish hourly trend. We can expect bearish movement till the next support level (0,995). Then, if prices breaks that support level, we can extend that bearish movment till next minimum.
Today I find it hard to trade any charts. But this one looks promising for daytraders or people how like higher risk. It's seems that US dollar have potential to go higher up right now. I recommend to watch closely on this one and have in mind that this are quite high area in uptrend for buying.