franciscosalek

franciscosalek

On the Weekly TF we can see a strong move to the downside over the last 3 weeks. We can expect a correction next week and then more continuation to the downside.

franciscosalek

Waiting for buy confirmation, high probability of reversal.

franciscosalek

On the Weekly Chart, this pair has been in a uninterrupted downtrend for an extended period of time. Short this pair it's not a good idea right now.

franciscosalek

Reasons to buy: 1. The support has been respected 2. Institutional COT has opened a lot of shorts on CHF, wich means that USDCHF will respect this support. 3. From a monthly perspective, the price never has been lower than the actual price, wich means that from an economic point of view, it's very unlikely that the price continue to fall. Please comment...

franciscosalek

After the price retested an important support, it's recovering to his original movement and it's going to retest the resistance of weeks ago.

franciscosalek

This week price fell down because COT report closed a lot of shorts on CHF. Now the price is on a major support and we are waiting that the FED approve the second stimulus for COVID and then the price will skyrocketed. Also the price is on the bottom of a possible ascending channel and a Crab pattern can be forming. Let me know what you think on the comments.

franciscosalek

After a strong bullish impulse, the price has contracted to a major support. From now the price will start to move very high.

franciscosalek

The market has reached an important support and is in the end of two channels. Price will go up from now.

franciscosalek

The market has tested a monthly support, then had a massive impulse and now the retraction is over. Expect a bullish move in the next trading days.

franciscosalek

It seems that the price will touch again the resistence, but due to it's a monthly resistence it will find a massive selling force that will push the price down to touch again the previous support.

franciscosalek

After a strong move to a Weekly Support I expect that the Market Bounce a little bit.