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Micro CHF/USD Futures

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MSF1! trade ideas

Swiss franc Futures (6S1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 1.04785 Pivot: 1.04350 Support :1.03890 Preferred Case: On the H4, with RSI is showing an ascending trend, and the price is consolidating now, we would hold a short term bullish bias that price may rise from the pivot at 1.04350 where the swing highs are to the 1st resistance at 1.04785 where the overlap resistance is. Alternative scenario: Alternatively, price could drop to 1st support at 1.03890 where the 38.2% fibonacci retracement is. Fundamentals: US CPI was out yesterday, which caused a big jump of the USD, the price may pullback after that.
CME:6S1!Long
by Genesiv
1
SWISS FRANC Futures (6S1!), H4 Potential for Bullish RiseType : Bullish rise Resistance :1.03220 Pivot: 1.02695 Support : 1.03220 Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are. Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.
CME:6S1!
by Tickmill
SWISS FRANC Futures (6S1!), H4 Potential for Bullish RiseType : Bullish rise Resistance :1.03220 Pivot: 1.02695 Support : 1.03220 Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are. Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.
CME:6S1!Long
by Genesiv
SWISS FRANC FUTURES (6S1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 1.06965 Pivot: 1.05910 Support : 1.04780 Preferred Case: On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.06965 where the overlap resistance, -27.2% fibonacci expansion, 100% fibonacci projection, 127.2% fibonacci extension and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the 1st support at 1.04780 where the pullback support is. Fundamentals: Since there is a surprise rate hike by 50bps to -0.25%, we have a bullish view on the Swiss Franc.
CME:6S1!Long
by Genesiv
Swiss Franc Futures (6S1!), H4 potential for bullish riseType : Bullish Rise Resistance : 1.07335 Pivot: 1.05890 Support : 1.04820 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.05890 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.07335 where the 100% fibonacci projection, -27.2% fibonacci expansion and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could drop to the 1st support at 1.04820 where the pullback support is. Fundamentals: Due to the surprise rate hike by 50bps to -0.25%, we have a bullish bias on Swiss Franc.
CME:6S1!Long
by Genesiv
SWISS FRANC FUTURES (6S1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 1.04550 Pivot: 1.03825 Support : 1.03400 Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1.03825 where the swing low support, 61.8% fibonacci projection and 61.8% fibonacci retracement are to the 1st resistance at 1.04550 in line with the swing high resistance and 61.8% fibonacci projection. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 1.03400 in line with the swing low support and 100% fibonacci projection . Fundamentals: The SNB surprised markets with a 50bps rate hike, taking policy rates to -0.25% which gives us a weak bullish bias.
CME:6S1!Long
by Genesiv
Overextended Markets (Overbought And Oversold)1) Bollinger Bands: Some traders will determine the market as "over-extended" when the price is piercing above or below the Bollinger bands. If above then the price is considered overbought and price may start to reverse. If below then the price is considered oversold and the price may start to reverse. 2) Stochastic RSI: some traders will determine the market as "over-extended" once the price is over the 70% line or below the 30% line. The bottom 30% means the price might be oversold and buyers are projected to come in. When the price is above the 70% line the market is considered overbought and sellers are projected to come in. 3) Supply And demand When we have 3x continuation patterns in a row DBD or RBR in a row, we can draw a downward or upward aggressive trend line (momentum line). When this happens, we consider the market overextended and call it the “elastic band effect”. stretch out an elastic band to the breaking point and let go, the elastic band snaps back at a high-speed force and hurts. This is the same for trading, When the market is overextended and breaks the downward or upward momentum line, we can assume the market will snap back and remove 2 if not 3 of the opposing zones that gave us the ability to draw the aggressive momentum line. Buying or selling the pullback into the demand or supply is usually a good call if the criteria are met for a good trade.
CME:6S1!Education
by MoneyballAustin
2
CHF SWISS Futures Supply And Demand analysis-CHF very weak currency. I'm not about to go and call the bottom of the and neither should anyone. What I notice is price has created 4x DBD supply zones in a row which allows us to consider the market overextended, and we have the ability to draw an aggressive downward ML. -Waiting for price to have the "elastic band effect" and have price shoot up and break the aggressive downward ML + remove an opposing zone. -A quality DBR must be created from that and then I will look for a potential swing trade.
CME:6S1!
by MoneyballAustin