alexp
Long

Reversal confirmed for swiss franc

FX:USDCHF   U.S. Dollar/Swiss Franc
284 1 0
A major trend reversal has been just confirmed for swiss franc in its first attempt to form complete a bull bar above EMA 20. If it triggers above 0.9387 - it should pick up some bear stops and move towards major resistance near 0.9412 area. As we have a possible major reversal in action, the resistance is likely to be broken and the move up will continue. The target is 1.5 of risk which is just below the today's daily bar.
Not triggered. Pls ignore. Inability to break beyond EMA signals that trend is still here and new low is likely to be formed (in accordance with my previous idea). It makes sense to go short with a small target as either higher low or lower low is likely to be formed soon
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out