I am pretty bullish as long as 0.995 level holds.
a rejection candle at an insignificant area is not interested to look at.
key resistance at 1.02 area.
Price moved above the cloud and we can buy above the high of the signal candle. ADX line rises and confirms up movement. Stop orders must be placed below the uptrend line. Take-profit orders can be placed at 1.0300 level.
Buy above 1.0063. Stop loss at 1.0037. Take profit at 1.0137.
Reason for the trading strategy (technically):
Price has dropped nicely towards our profit target from previously. We now take our profits and look to buy instead above 1.0063 support (Fibonacci retracement, horizontal swing low support) for a push up to 1.0137 resistance (Fibonacci extension,...
Price has reached a key resistance level and also has a closing reversal candle. Price is currently in an uptrend, but price is likely to retrace to the trendline. Stops can be placed above the resistance zone.
Sell below 1.0137. Stop loss at 1.0168. Take profit at 1.0063.
Reason for the trading strategy (technically):
We prepare to turn bearish below 1.0137 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) for a further push down to 1.0063 support (Fibonacci retracement, recent swing low support).
Stochastic (34,5,3) is seeing...
Hi Freedom Traders,
in the 60min chart of the USD-CHF a completion of a bullish gartley pattern offers us a trading edge.
You find possible entry and exit levels for controlling risk and maximizing profits in the chart.
Happy Trading!
Sell below 1.0090. Stop loss at 1.0118. Take profit at 1.0033.
Reason for the trading strategy (technically):
We remain bearish below 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance) where we expect a reaction from for a drop to 1.0033 support (Fibonacci retracement, horizontal support).
Stochastic (21) is seeing strong resistance at the...
Sell below 1.0090. Stop loss at 1.0118. Take profit at 1.0033.
Reason for the trading strategy (technically):
Price has reached our buying area, bounced perfectly and reached our profit target from Friday. We now turn bearish below 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance) where we expect a reaction from for a drop to 1.0033...
Well formed channel on 4H chart.
3 consecutive bullish weeks for usd/chf
Daily MA shows upside momentum
Pin bar formed around channel low on daily chart , followed by bullish engulfing bar.
We still dont know if the price will rally for new highs , the confirmation we looking for is 4H chart MA cross and start scalping on 15m chart in the way of the trend. If...
usdchf long trade
Daily momentum up
1H momentum up
MA200 rejection
Trend line rejection
Support line rejection
Pin bar + closing above
4H 50MA rejection
