ForecastCity
Long

Don't miss this buy trading opportunity of USDCHF!!

FX:USDCHF   U.S. Dollar / Swiss Franc
Midterm forecast:
  • While the level 0.9440 is not broken, the Midterm wave will be downtrend.
  • Price may also reach 0.9440, if price reaches this level, we may enter by Daily-Trading-Opportunities.

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.9255 to 0.9185), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
  • Beginning of entry zone (0.9255)
  • Ending of entry zone (0.9185)

Technical analysis:
  • A peak is formed in daily chart at 0.9470 on 02/08/2018, so more losses minimum to Buy Zone (0.9255 to 0.9185) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index ( RSI ) is 36.

Take Profits:
TP1= @ 0.9355
TP2= @ 0.9440
TP3= @ 0.9520
TP4= @ 0.9660
TP5= @ 0.9735
TP6= @ 0.9815
TP7= @ 0.9955
TP8= @ 1.0100
TP9= @ 1.0325
TP10= @ Free
Trade active: TP1 HIT!!!

Total Profit: 761 pip
Closed trade(s): 86 pip Profit
Open trade(s): 675 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.9269

Closed Profit:
TP1 @ 0.9355 touched at 02.20.2018 with 86 pip Profit.

Open Profit:
Profit for one trade is 0.9344(current price) - 0.9269(open price) = 75 pip
9 trade(s) still open, therefore total profit for open trade(s) is 75 x 9 = 675 pip
Trade active: TP2 HIT!!

Total Profit: 1710 pip
Closed trade(s): 254 pip Profit
Open trade(s): 1456 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.9269 (day close price)

Closed Profit:
TP1 @ 0.9355 touched at 02.20.2018 with 83 pip Profit.
TP2 @ 0.9440 touched at 02.27.2018 with 171 pip Profit.
171 + 83 = 254
Open Profit:
Profit for one trade is 0.9451(current price) - 0.9269(open price) = 184 pip
8 trade(s) still open, therefore total profit for open trade(s) is 184 x 8 = 1456 pip
Comment: TP3 HIT!!

Total Profit: 2122 pip
Closed trade(s): 505 pip Profit
Open trade(s): 1617 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.9269 (day close price)

Closed Profit:
TP1 @ 0.9355 touched at 02.20.2018 with 83 pip Profit.
TP2 @ 0.9440 touched at 02.27.2018 with 171 pip Profit.
TP3 @ 0.9520 touched at 02.27.2018 with 171 pip Profit.
171 + 83 + 251 = 505

Open Profit:
Profit for one trade is 0.9500(current price) - 0.9269(open price) = 231 pip
7 trade(s) still open, therefore total profit for open trade(s) is 231 x 7 = 1617 pip
Trade active: New trading suggestion:
Trade active: TP5 HIT ----> With 3690 pips profit

Total Profit: 3690 pip
Closed trade(s): 1350 pip Profit
Open trade(s): 2340 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.9272 (day close price) based on 'Two Day Reversal Candle (Hammer)' at 2018.02.16 signaled by our "Daily Trading Opportunity"

Closed Profit:
TP1 @ 0.9355 touched at 2018.02.20 with 83 pip Profit.
TP2 @ 0.9440 touched at 2018.02.28 with 168 pip Profit.
TP3 @ 0.9520 touched at 2018.03.09 with 248 pip Profit.
TP4 @ 0.9660 touched at 2018.04.17 with 388 pip Profit.
TP5 @ 0.9735 touched at 2018.04.20 with 463 pip Profit.
83 + 168 + 248 + 388 + 463 = 1350 pip

Open Profit:
Profit for one trade is 0.9740(current price) - 0.9272(open price) = 468 pip
5 trade(s) still open, therefore total profit for open trade(s) is 468 x 5 = 2340 pip

Take Profits:
TP6= @ 0.9815
TP7= @ 0.9955
TP8= @ 1.0100
TP9= @ 1.0325
TP10= @ Free
Trade active: Weekly Update: TP6 hit with 4101 pips profit in 48 days

USDCHF
Total Profit: 4101 pip
Closed trade(s): 1893 pip Profit
Open trade(s): 2208 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.9272 (day close price) based on 'Two Day Reversal Candle (Hammer)' at 2018.02.16 signaled by our "Daily Trading Opportunity"

Closed Profit:
TP1 @ 0.9355 touched at 2018.02.20 with 83 pip Profit.
TP2 @ 0.9440 touched at 2018.02.28 with 168 pip Profit.
TP3 @ 0.9520 touched at 2018.03.09 with 248 pip Profit.
TP4 @ 0.9660 touched at 2018.04.17 with 388 pip Profit.
TP5 @ 0.9735 touched at 2018.04.20 with 463 pip Profit.
TP6 @ 0.9815 touched at 2018.04.25 with 543 pip Profit.
83 + 168 + 248 + 388 + 463 = 543 = 1893 pip

Open Profit:
Profit for one trade is 0.9824(current price) - 0.9272(open price) = 552 pip
4 trade(s) still open, therefore total profit for open trade(s) is 552 x 4 = 2208 pip

Take Profits:
TP7= @ 0.9955
TP8= @ 1.0100
TP9= @ 1.0325
TP10= @ Free
Trade active: A New Trading Opportunity to Buy. TP7 hit with 4664 profit...
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i really like your analysis. allows for multiple trades and take profits. However how can you be sure price will continue in an uptrend?
+2 Reply
@JayP2577, We can't make sure of course ;) it depends, we review the market continuously.
+1 Reply
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