fxmchenry

fxmchenry

Stop run into 60 day low.

fxmchenry

Short term buy before the major drop

fxmchenry

Possible short term bullish move before long term bearish may continue

fxmchenry

Possible buy if flag formation breaks out to the upside

fxmchenry

Looking out for a corrective pattern before rejoining the bearish trend

fxmchenry

We are looking at a possible 5th wave formation here but also bearing in mind that the bearish trend may continue for a longer term. Therefore a confirmation would be needed before picking an entry direction

fxmchenry

Another Possible entry for a sell would present itself if we see price get rejected at the trendline level shown in the chart

fxmchenry Updated 

After getting stopped out from our previous entry position, we have another chance to enter the trades again as price approaches another resistance. There are two entry options here. 1) An entry at current market price for an aggresive entry 2) An antry at the break of Ascending trendline for a conservative entry. You can pick one or use the two for scale in...

fxmchenry Updated 

We have a bullish breakout from a descending trendline. Will look for a correction on a lower timeframe for a possible buy entry

fxmchenry

Possibility of 3rd wave completion in progress, with break of previous resistance zone. a small pullback might give an opportunity to enter for a short term bullish opportunity.

fxmchenry Updated 

Expecting a retest at this Lower High region 0.72500 before seeing a bullish breakout for a bullish continuation of price to complete the heads and shoulders target But if price breaks through, ill be expecting a drop back to the previous low 0.7100

fxmchenry

Waiting for a break or bounce scenario to provide a good entry opportunity

fxmchenry

Would be expecting a pullback to previous resistance for an entry to continue short.

fxmchenry

Looking for that retest at previous high to look for buy entries

fxmchenry

Anticipating a continuation of the bearish move as price attempts to make a lower low

fxmchenry

REJECTION FROM ASCENDING TRENDLINE, LEADING TO POSSIBLE BULLISH RUN TO MAKE A HIGHER HIGH

fxmchenry

Looking for a bounce here to make a higher low before continuing the bullish run but if it gets broken then ill look for it to continue down to 80.700 before resuming the bullish trend.

fxmchenry Updated 

USDCHF is still in a bearish trend for the longer term. We are currently facing a possible flat correction pattern formation to continue the move to the downside.