USD CHF - Strong move towards the arrival zone
G'Day Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move.
Master Key for zones
Please see the original idea posted below, June 11th.
Update to the Daily Chart of the highly probable moves of USD CHF.
Looking for a reactive tap within the Daily supply as it is a FL.
Ample opportunities as this pair is slower in terms of price action, however when price does commit to the large engulfing candles, the volatility is clear.
Well this happened, and price tapped the FL
Based upon a High curve, where price double topped upon the Daily and weekly zone.
Weekly zone - had a reactive move which hit the psychological parity of 1.000
From here price, reacted creating a strong 1st test of the supply imbalance. Where price has a strong previous case, as is seen with alot of currency pairs being analysed at present, these large engulfing 4,5 strong candles with the probability of <50% of a pivot as a breather allows the high probability of a PCP formation when looking for a sell or buy. (in this case sell).
Weekly
Before;
Expected price to remove the long await break of trend.
Once broken, clear pathway for bullish moves from the arrival to the new departure forming between 0.912-0.928, which successfully retested.
Why did USD CHF exponentially move?
From a technical view, DXY moved strong in correlation, along with SPX500 falling from a supply (but this is not causative or correlated).
USOIL also as a fundamental pivoted and has shown a strong dominance in price with clear structure.
The upside potential was clear, with looking left shows two zones where price could revert on the daily, weekly chart (upon this reversion, provide a clear opportunity for a PCP move).
Present
Well price did the exact.
Why did price suddenly sell off?
Highly reactive FL (check weekly). Price was overbought and the FL level had not been breached since May 2019.
Sell off was needed as highly reactive psychological levels and arrival zone tap, follows the rules of imbalances and Departure from a supply confirm.
Monthly
What to expect, well the weekly shows a strong PCP level for sells (using PCP rules within supply and demand rules).
With the strong probability of the reactive zone, price is looking to pivot, but as the structure of the market left offers no opportunities of a buying pivot. Sells are still strongly suggested.
Any pullbacks are relief of pressure from bearish moves as it heads to target.
Looking for Daily closures of head and shoulder pattern forming or a consolidative CP level forming.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Orange = Daily
Please see the original idea posted below, June 11th.
Update to the Daily Chart of the highly probable moves of USD CHF.
Looking for a reactive tap within the Daily supply as it is a FL.
Ample opportunities as this pair is slower in terms of price action, however when price does commit to the large engulfing candles, the volatility is clear.
Well this happened, and price tapped the FL
Based upon a High curve, where price double topped upon the Daily and weekly zone.
Weekly zone - had a reactive move which hit the psychological parity of 1.000
From here price, reacted creating a strong 1st test of the supply imbalance. Where price has a strong previous case, as is seen with alot of currency pairs being analysed at present, these large engulfing 4,5 strong candles with the probability of <50% of a pivot as a breather allows the high probability of a PCP formation when looking for a sell or buy. (in this case sell).
Weekly
Before;
Expected price to remove the long await break of trend.
Once broken, clear pathway for bullish moves from the arrival to the new departure forming between 0.912-0.928, which successfully retested.
Why did USD CHF exponentially move?
From a technical view, DXY moved strong in correlation, along with SPX500 falling from a supply (but this is not causative or correlated).
USOIL also as a fundamental pivoted and has shown a strong dominance in price with clear structure.
The upside potential was clear, with looking left shows two zones where price could revert on the daily, weekly chart (upon this reversion, provide a clear opportunity for a PCP move).
Present
Well price did the exact.
Why did price suddenly sell off?
Highly reactive FL (check weekly). Price was overbought and the FL level had not been breached since May 2019.
Sell off was needed as highly reactive psychological levels and arrival zone tap, follows the rules of imbalances and Departure from a supply confirm.
Monthly
What to expect, well the weekly shows a strong PCP level for sells (using PCP rules within supply and demand rules).
With the strong probability of the reactive zone, price is looking to pivot, but as the structure of the market left offers no opportunities of a buying pivot. Sells are still strongly suggested.
Any pullbacks are relief of pressure from bearish moves as it heads to target.
Looking for Daily closures of head and shoulder pattern forming or a consolidative CP level forming.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
