wickedticks

wickedticks

We currently have a short bias against the USD. And long bias for CNH, NZD, AUS. With that in mind, USDCNH is currently signalling a good entry. Technical run-through: Daily Price currently being resisted by kumo. Price resisted by the 50 EMA. Price at upper BB. Entry Both senkou span A & B flat for 1H & 30 mins Chikou span still at price wait...

wickedticks

With prices at long time support levels (since September 2017) looking to enter a long-term trade earlier before a wave 5 begins. Expected T/P levels are based on wave 5 fib projection levels(using fib projection of wave 2, 3, 4) of 61.8% - 100% S/L at wave 3 61.8% levels RSI and stochastic also at oversold levels

wickedticks

Trade idea is to short the USDCHF and take profit around 0.98371 where multiple support levels are found. Reasons: Pretty strong resistance that has been tested multiple times as seen on both 1H and 4H chart. Trend on both timeframes is also in line with the short 13 MA about to cross over to the downside on 1H