tight stop, support line three times tested recently usdchf: I like this 240 in usdchf where support can become resist , and because inverse correlation it will be move up in eurusd related idea:
-short on purple line(expecting 137.5X area) -stop above previous high(137.7) -targets in chart...final target is based on weekly chart, daily chart target is around 136.40
long on second touch for good stop(my max is 20-25 pips), setup is in chart, just zoom in. bigger picture: related idea(30min):
long after a bounce with stoploss below, first place to watch is in 1.667X area
interesting point for me because tight stop, 15 pips bigger picture EURUSD possible bounce as well:
possible cup with handle pattern, resistance becomes support(orange line), that indicate move to the upside. bigger picture:
double bottom, divergence, possible place for bounce in weekly bullish signs in 30, slope HAS pattern, resistance becomes support I expect move to 0.8580-0.8600 area
double top formation, we are under neckline, slope resist ahead, going short right now, tight sl, good RR bigger picture update: comments
possible cup with handle formation, expecting move higher to the purple line, I will go long only if price will move lower and make support from previous ressistance, so long from green lines, stoploss below handle daily view:
expecting uptrend continuation, there are few touches on the green line, maybe it can hold, iam in because there is only 8 pips stop, if it fails, there will be possible down move to the orange line
looks like the floor is stepping up(green lines), targets - purple lines
its good to wait for a bounce off that red slope line(proof that red line is still working), then long modified pitchfork stop loss 40 pips targets: green lines
trying one more time, looks to be good slope support, 40-45pips stoploss, target 140-200 pips(blue lines) MACD shows hidden divergence
My ideas are based on pitchfork combined with patterns, for clarity is this idea just about patterns. targets are green lines, 40 pips stoploss Update: In this 15mins chart we can see another iHAS, also we can see how resistance become suport(pitchfork), I think that stoploss below right shoulder should be good enough(so 20 pips below) next updates: see comments