This morning MAJOR NEWS for the USD pairs as USDCHF finally broke out which we are not at a MAJOR WEEKLY RESISTANCE Level .99680-.99770 area.... It spiked over 130+ Pips today! It's also @ fibonacci level .78.6 where prices have been rejected.. going to see how this plays out around london/new york session tomorrow as its also Friday as market may move slow..
As we all know this pair is TANKING!!! It has followed the channel perfectly as shown on previous posts. This shows what we have broken the key level .98300 area!! FINALLY!!! I'm still in this sell as i've caught most of the lower highs - i base my trades on impulses/corrections as you can see! KEEP GOING DOWN BABY!!! Next week lets hit the 9700-9600 levels!
Update on as its still following the channel down nicely! :) As of right now possible trade for a quick short setup @ .9930 but with some news coming out possibly another sell @ .9960-.9980 area again as earlier today we caught 100+ pips from a retest at 61.8% fib I'm still in a long term sell as i see this pair going down .96500 level - possibly within next two...
In a sell since 1.0035 as I'm holding this as I want to see this pair go down to around .96500-95500 as we could be seeing a MAJOR MOVE DOWN soon. This is a prefect setup as its been aligned great in Andrew Pitchfork as shown here. USDCHF is currently closed end of the week @ .99000 area which thats currently a support level we need to break through.. We could...
One of my favorite pair as obviously its in a BULLISH TREND. It has made a double top from around 1/22 where the BEARISH Run swing down began.. We are at a MAJOR WHOLE LEVEL 111.000 which it respected as Resistance. Two scenarios I have played out here but we are in a STRONG BULL MARKET right now. TREND IS YOUR FRIEND! Half Level 110.500 --- if we beak that it...
Quick Idea on USFCHF as we are making the turn down to be in bear trend but we need to stay down under the 1.0000 level
I have been watching this pair for the past few weeks and its been BULLISH for too long! Who doesn't agree??? The chart looks CRAZY from the past few weeks... but FINALLY as sign of the BEARS as we hit the MAJOR MONTHLY RESISTANCE AREA 1.0060 and prices failed to break that which made this pair go into consolidation. We can possibly see a major correction down to...
50% Fib level will retrace back to around 149.300 roughly around where the recent swing up happen..