i'm not going to bore you with a long winded description on what i think is going on and give you the complexities why? because my style of trading is made to make the most complex market seem simple by trading only support and resistance using price action for entry and that is my system #2016 New style of trading
Harnonic Pattern completion approaching. Pending PA to show up in 1.11 to 1.1150 range EUR divergence noticed
Be patient When USDCHF done retrace or buy when price breakout upside of the box
I have opened a long position at 0.9785 as I expect the market to retest 0.9785, making this level support (was resistance since 17/03/16) and the short-term bullish trend to continue. I’m then looking to ride this pair all the way back to parity. Read more at 'Trade Forex with Andrew': andrewfx2020.com About me: Based in Melbourne Australia, I have been...
As you can see, the right shoulder is on his way. once formed, you can try to place a sell target to 0.9665
Swiss Franc is in down trend now, and we have good opportunity to open trades in the same direction. Price bounced from Moving Average with period 50. MACD and RSI confirmed reversal. Entry Level is below 0.9700. Place stop order higher then 0.9800 and take profit order 0.9525, a little bit higher then support level. If you decide to open trades, please note, your...
Correction pattern is starting to see support. Sentiment is negative which leads me to be very Bullish.
Read text written in the chart.
The pair has broken out and it's a good idea to go long now.
I am watching this pair for a bottom. It seems to be rejecting the lows pretty well right now. There is a strong line of support at 0.9540.
I don't even know if there's a name for that. Just my brain identifying those repeating triangles.
Hello everyone what do you think of Usdchf ?
Price has rejected the weekly trend-line with a hammer candle indicating a sell opportunity. The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.