InsideMarket
Short

EURCHF - An alternate view on current consolidation.

FX:EURCHF   Euro Fx/Swiss Franc
Noticeable range between $1.07 & $1.10.

Happy trading!

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Piet.Hein
10 months ago
Nice analysis, thanks for share, always good to watch alternative views, my:

EURCHF Long - I


+2 Reply
kosai19 PRO Piet.Hein
10 months ago
Thanks... I was just going to post this same chart but maybe I can post something else?
It appears bullish on D1 but on H4 it hasn't broken above the major resistance line yet (making this a more likely false breakout).
I'm new to showing charts so let me try...
+1 Reply
Piet.Hein kosai19
10 months ago
nice view, thanks for share! Yes could be a false breakout, I hope not :p
+1 Reply
kosai19 PRO Piet.Hein
10 months ago
I had to use another program to make this since I can do better charting... not that use to trading view yet, but please have a look. On H4 I agree, we have broken out... but on H4 we clearly haven't. If you look at where I drew those double horizontal lines you'll see it's the H4 resistance. So there's divergence (D1 is bullish but H4 isn't). That's usually when reversals happen. We need a close above 1.0985 on H4 for both time periods to be in agreement. Otherwise it's more likely to at least retest the trendline before advancing.

https://dl.dropboxusercontent.com/u/98363503/Chart%20-%20EURCHF%20%28H4-1%29.png
+1 Reply
kosai19 PRO kosai19
10 months ago
Sorry I meant to say on D1 we have broken out of resistance while on H4 we have not...
+1 Reply
Piet.Hein kosai19
10 months ago
nice chart, yes, a close above this level will be perfect and really reinforce a bullish view. Great analysis! If you start to post on TV I will start to follow you, let me know when you do it!
+1 Reply
kosai19 PRO Piet.Hein
10 months ago
Thanks for the encouragement, I'm undecided yet if I'll be posting charts on here... I have a unique view of technicals that I wouldn't exactly want everyone to start using or it would work less =)

Cheers.
+1 Reply
Piet.Hein kosai19
10 months ago
every trader have a unique view, dont be afraid of share, it works for you but dont necessarily work for others, people see what they want to see. Thanks for the link.
+2 Reply
InsideMarket kosai19
10 months ago
Markets are completely impersonal. They will do what they have to do regardless of anyone special knowledge.
Reply
kosai19 PRO Piet.Hein
10 months ago
By the way... I learned that trick to heck the horizontal resistance on a lower period from Chris Moody... You can see all his charts on here but he shared that on this video: https://www.youtube.com/watch?v=BffJZGatnXE
It's a long video but one of the best I've seen. He teaches this method which someone charged $3,000 for. It's an easy way of spotting fake breakouts.
+1 Reply
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