Could price reverse from the swing high resistance level?Price is rising towards the previous swing high resistance level and could potentially reverse from the level to our take profit
Entry: 0.90710
Why we like it:
There is a pullback resistance
Stop loss: 0.91046
Why we like it
There is a swing high resistance level
Take profit: 0.89691
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement
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Usdchd
USDCHF Just a pullback to the 38 before more to downsideUSDCHF Just a pullback to the 38 before more to downside
USDCHF had a stellar week last week , bit this will turn this week
many political and economical reasons to explain this but their is only so much one needs to write and we will the chart speak for us
we forecast a lower USDCHF in the coming weeks and this high level will pull back to mid 91s
have great trading week all
USDCHF It might break the channel and head upwards +80 PipsWelcome Back.
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If it returns again to the current support and does not break it, of course it will head towards the upside and break the current channel and change the direction from a descending to an upward channel.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
USDCHF It will ascend at the support +180 PipsWelcome Back.
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When it reaches the support area and did not break, the direction will change to the upside.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
USDCHF It will break the descending channel +65 PipsWelcome Back.
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If the resistance in front of it is broken, it will continue to the upside and may break the descending channel to an upside and turn the direction of this pair.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
USDCHF To the downside +40 PipsWelcome Back.
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It Failed to break the resistance to reach the descending channel line, so it will fall again, then rise, and possibly break the channel to rise.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.