SOME IDEAS ON USDCHF ON THE DAILY TIMEFRAME
-TRENDLINE BEEN RESPECTED AS YOU CAN SEE
-DECISION TIME BREAK OR BOUNCE HERE
-A BREAK ABOVE THE TRENDLINE WOULD LEAD TO A BREAK ABOVE 1.0000 OUR MONTHLY LEVEL OF RESISTANCE
-WHICH WOULD LEAD TO NEW HIGHS
-WE COULD DROP DOWN TO 9.5000 BUT THIS IS MAJOR SUPPORT AS YOU CAN SEE IVE POINTED OUT
-POTENTIAL ABCD EXTENSION
-FIB LEVELS I WILL HAVE MY EYES ON 0.5 AND 0.618 LEVELS FOR RESISTANCE AND REVERSE TO THE DOWNSIDE
-IF WE HOLD THIS PRICE I THINK ITS LOOKING BEARISH SO FAR
-FIB LEVEL D FOR TARGET FOR DOWNSIDE TOO
-TRENDLINE BEEN RESPECTED AS YOU CAN SEE
-DECISION TIME BREAK OR BOUNCE HERE
-A BREAK ABOVE THE TRENDLINE WOULD LEAD TO A BREAK ABOVE 1.0000 OUR MONTHLY LEVEL OF RESISTANCE
-WHICH WOULD LEAD TO NEW HIGHS
-WE COULD DROP DOWN TO 9.5000 BUT THIS IS MAJOR SUPPORT AS YOU CAN SEE IVE POINTED OUT
-POTENTIAL ABCD EXTENSION
-FIB LEVELS I WILL HAVE MY EYES ON 0.5 AND 0.618 LEVELS FOR RESISTANCE AND REVERSE TO THE DOWNSIDE
-IF WE HOLD THIS PRICE I THINK ITS LOOKING BEARISH SO FAR
-FIB LEVEL D FOR TARGET FOR DOWNSIDE TOO
Comment:
BREAKING LONG HERE.....ONLY AREA OF RES IVE GOT MY EYE ON IS THE FIB 0.5 BUT STRONG CLOSE AND WE ARE IN .....I MIGHT EVEN JUMP IN SOONER
Comment:
Comment:
Still not convinced its a long just yet people. fib 0.5 proving strong resistance.....Could be another drop here
Comment:
EYES ON 0.5 FIB
