Price is currently at 61,8 of the last wave up fibo expansion. It is also sitting on weekly monster resistance. Sell with the break of the up trend line. If it continues higher look for bearish div to be completed (another MACD histogram peak) + false break of the trend line from the tops
After a sharp rally, bulls failed twice to break above the harmonic resistance created by the bearish Shark pattern. If 1.5054 support is broken, we will expect an increase in selling pressure which will drive price lowers towards green levels. Our suggested stop loss level is also shown on the chart by a red line. Good luck, Ali Sharif Azadeh, CFTe
GBPCHF has been forming an Ending Diagonal Diagonal Pattern which is about to break down. One can go short on the pair at current levels and targets as shown on the chart. Good Risk Reward Trade.. Happy Trading!!
Friends, $GBP vs. $CHG offers a high-probability of a geometric completion following the price pathway speculated in the chart (dashed orange pathway): PREDICTIVE/FORECASTING MODEL: Predictive/Forecasting Model defined the following two qualitative targets: 1 - TG-Hi = 1.54017 - 09 AUG 2015 and 2 - TG-Hix = 1.57575 - 09 AUG 2015 ELLIOTT...
Ok here's a sneak peak out a trade I have on for all of my Syndicate clients. It's a simple trend continuation trade. GBPCHF is back up against daily support and we'll see if we can pop back up into resistance. If you want to join me each morning you can do so here: promos.tradeempowered.com
A bearish butterfly is about to complete in important zone with multiple resistance.
EP @ 1.4785 SL @ 1.4845 TP @ 1.4705 / 1.466
Hello traders, have a potential structure along with a fib completion trade good r:r cheers
Hello traders, here we might have a potential ab=cd pattern which i am looking to trade. I intent on going long for cd leg of the pattern. entry is right around the 618 bc leg which is also a previous structure level targets as shown on the chart cheers
GBPCHF is getting ready to move one way or the other, odds favor a down move but you should be prepared to act in either direction. Explanation in body of chart.
The Swiss Franc has been sold off quite a bit recently now finding critical support that potentially shows signs of a strong rebound. The GBPCHF specifically is a great way to play this strength. My reasons for entering this trade. 1. Break of major trendline/retest 2. Tweezer tops at .618 fib level 3. Swiss franc at critical support 4. Rejection of major 1.55...
GBPCHF - LONG - DAILY Possible Long setup using Fib levels, EWs and Ichimoku daily cloud break as confirmations. SL is under the cloud. (Trend lines are not confirmed) 1st TP @ -0.27 Fib. TP @ 1.00 Fib ext Only posting to develop my own personal discipline and skills.
GBP/CHF looks like it is making a contracting triangle in the wave 4 position. So far I have labelled this triangle as being in the middle of making wave e which is the final wave of an Elliott Wave triangle. I will be selling on a break of 1.4660 looking for an initial target of 1.4509 (38.2% Extension of wave 1-3) The second target is 1.4317 which is the...
I have identified this contracting triangle which gives a good opportunity to antecipate the next wave just before the consolidation ends. At 15 minutes timeframe the 'E' wave has it structure broken (the thin blue line). So I placed the orders at the break-point of the line. Happy trading!
This trade idea combines Wolfe Wave principles with EWP and Momentum indicator divergence and offers a high probability reversal zone, with great risk to rewards; Three profit target areas are introduced; take the trade based on your due diligence; Comments are welcomed, as ever; Kind regards, Hamed
Unless the price go up, we have the perfect Cypher - RSI threatening overbought zone but not yet there; - Targets on chart, find a suitable entry;