Trading2ez

USD/CHF could continue its breakout to the UPSIDE!

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hey tradomaniacs,

USD/CHF could continue its breakout in order to complete the correction❗️


Technical aspects:

1️⃣ False breakout below monthly support
2️⃣ Violation of upper Trendline and a breakout of Trendchannel
3️⃣ 5-Wave-Pattern completed heading into an A-B-C-Correction
4️⃣ MAC-D bullish divergence with equal Lows
5️⃣ High volatility at Key-Support (SL-Fishing)
7️⃣ Low open interest below key-support-zone
8️⃣ 55 EMA and 21 EMA violated and crossed
9️⃣ Momentum to the upside with chasing PoC of higher prices


Correlations:

1️⃣ CHF/JPY falling indicating CHF weakness as USD vs JPY still weak
2️⃣ DXY (US-DOLLAR-BASKET) rising due to risk-off-mood in the market
3️⃣ S&P500 as expected rejected off Trendline and tends to correct



LEAVE A LIKE AND A COMMENT - I appreciate every support! =)


Peace and good trades
Irasor

Wanna see more? Don`t forget to follow me.


PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!

Comments

Lets go !!
+1 Reply
Good technical set up!
+1 Reply
@abel11, thank you =)
Reply
Wow nice technical analysis!!
Do you also do fundemental analysis due news that have a impact to the economy for example 20 january through joe bidden etc..?
Reply
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