Note: This pair already break the current support zone at 112.x area. Recently there is a pullback sit on support zone and a bullish signal appeared! It is a 2B Reversal. We are BULLISH on this pair There are 2 ways to trade: 1. Long this trade now with R/R of 1:1 for TP1 a nd R/R of 1:2.8 for TP2. Or can use H4 or H1 chart to buy at dip 2. Wait the price...
CADCHF reached a very important level! Pair currenctly hitting support line valid from 2010 Blue line shows important structure, quadriple top formation since mid-2016 Likely to go down, might be good short, but careful, OIL has been in an upward trend for the previous days, thus CAD increasing in the short term Wait for confirmation, if support broken, could be a...
The change USD/CHF is currently in a phase of congestion. The primary trend remains bullish, but a real breakout of the support zone may still be a good opportunity to operate against the trend, for short-term operations. Assuming this movement, the price could see down into 1.0020 area as the first target, 0.99800 as the second target.
USDCHF just rejected the 0.995-1.00 area for the third time, while closing as a pin bar and completing also a potential ABCDE correction. Also, we're rejecting the trend line that started from late 2015. The USDOLLAR index also is closing as daily pin bar rejecting a key level/key fib area. This trade offers a risk/reward of about 9:1 if we hit 0.95. That's the...
AUD / CHF back again on dynamic resistance. We have seen currency pair bounced inside the channel for nearly two months. Monitor closely the price movements in the 0.7630 to 0.7680 area. A new bounce or overcoming this could be good opportunities to invest in the pair.
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT. ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR. FOR BUY: ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL. FOR SELL: ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL. IN ORDER TO...
Short setup at supply zone on daily chart. Price now in supply zone, take a look at smaller timeframe for entry points. Trade with good risk reward ratio and high probiality to return price at demand.
EURCHF had a fake upwards breakout and completed a reverse pattern at such a significant level. The possibility of price dropping is high, but it may not be that easy as last few candles are quite strong. Keep watching this pair for short opportunities in the coming week.
We have a nice setup in this pair (which you can trade shorting CADCHF as well). CHFCAD is at the bottom of the trading range here and is likely to return to the yearly moving average above. I'll be entering longs, after today's daily close, if we break the daily high. Stop loss has to be under today's low plus 1 tick to be safe. Risk 0.5-1% on this position and...
EURO/SWISS FRANC My Prediction for Short. I think that it will fall short because with past trends it has peaked and then fallen to slump but will eventually recover.
Initial SL level 0.9588
It is been consolidating for a while in a range of a bearish flag pattern. It has already broken out from the strong monthly support levels of 1.0000-0.9950 that signals a bearish momentum in the this pair. USD getting stronger.
USD/CHF: T-B Finder @ 100% MIDAS Trading Tools for MT4 @ MQL5.com
Will be looking to take a long position on USD/CHF based on the following reasons: - 0.618 fib support held strong - Inside a falling wedge which is normally a sign of reversal - Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue As always, trade safe
Will be looking to take a short position on CHF/JPY based on the following reasons: - Previous support has now become resistance (108) - Failure to break past 0.618 fib levell - Bounce of 50 EMA Trade safe
We will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side. With that said we will be looking for a close below the short-term trendline on the hourly chart along with...