Pending sell order placed at 0.9945...

FX:USDCHF   U.S. Dollar / Swiss Franc
128 0 4
Having seen the EUR/USD             pair aggressively tumble lower yesterday, it should not really come as much of surprise to see that the USD/CHF             traded higher. For those who follow our reports on a regular basis you may recall that we had a pending sell order placed at 0.9926 with a stop set above the current daily supply base (0.9956-0.9921) at 0.9960. Going into yesterday’s US session, our order, as you can see, was filled and price immediately traded in our favor. As the unit neared the 0.99 handle, our team moved the stop to breakeven, which unfortunately, was later taken out.

On the H4 chart, focus now shifts to the Quasimodo resistance line above at 0.9946. This barrier sits within the lower edge of weekly supply at 1.0092-0.9928, as well as around the top edge of the above noted daily supply. Personally, we believe this H4 Quasimodo has a very good chance of bouncing prices lower today. Furthermore, the stop-distance is relatively small given that we’d look to position it around the same location as our previous short trade: 0.9960 – just above the daily supply zone . With this in mind, a pending sell order has been fixed at 0.9945, targeting the H4 broken Quasimodo line at 0.9927 as a first take-profit target.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out