Expecting major positvity fundamentally to act as a catalyst to the anticipated bullish reversal within our current descending channel. We would wait for BAR (Breakout and Retest) before scaling in with heavy lot sizes
-Values- Entry Range: 0.89896 - 0.88857 Average Entry: 0.89164 (RRR: 1.91) Stop Loss: 0.87765 Profit Target: 0.91860 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back...
Downtrend. Looking for correction to monthly/weekly pivots then short to next weeks M1 Pivot.
WELCOME TO DACAPITAL-TRADING! CHFJPY FOREX BREAKDOWN 08 MAY 2019 1 HOUR Found a support right now, we need a market turn! 4 HOUR Bearish market for a couple of days turning bullish now. DAILY Strong Support can hold right now, looking for upside momentum! SWING SETUP BUY CHFJPY ENTRY @ 108.200 SL @ 107.610 TP @ 111.200 RR: 5.10 (Use normal Risk!) IF...
If price continues the respect on this trendline, I'll be looking for buys. However, I would be waiting to see signs that price is ready to turn around like MACD divergence or reversal patterns.
Since we're still below a major resistance, it's also possible to look for bearish scenarios. We will know what's going to happen once we have a break on either side. If we break down from here and below the daily breaker (+ daily horizontal level), we'll be looking to short the retest and aiming for those lows there. Again, wait for confirmation and trade...
Aud is weak, chf is strong right now. Put that together along with a 4 hr consolidation breakout, expect more downside.
The British Pound has been depreciating in a channel down against the Swiss Franc after it touched the upper boundary of a dominant channel on January 22. Meanwhile, a breakout occurred through the lower boundary of a triangle pattern as can be observed on the chart. During the following trading sessions, the GBP/CHF pair is likely to continue its bearish path...
Due to the high trading volume on the Swiss Foreign Exchange Marketplace, it was decided upon doing a short review of the technical situation on the EUR/CHF currency pair. It can be observed that the pair is dominantly trading in two ascending channel patterns. The pair encountered the combined resistance of the channels at the start of August. As a result of...
Recently the US Dollar encountered a support combination of two notable levels of significance against the Swiss Franc. The support consists of the 2016 low level and the lower trend line of the dominant channel down pattern. As a result of the rebound a medium term ascending channel has formed itself. However, its lower trend line has not been fully confirmed....
Maybe a little pullback, but watch this.... breakout will be big. Today's 50% candle is very convincing... news.forexlive.com Let's see how the restructuring plays out, its not official yet but rumors.