The USDCHF pair has been wild on high volatility ever since the May 16 market top as within 45 days it has formed big swings of Highs and Lows within a newly developed Channel Down. At the moment the price is on a three day rebound on the Lower Lows trend-line of the Channel and more importantly the 1W MA200 (red trend-line), which is acting as a Support since the...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 0.96375 where the horizontal pullback support is to our 1st resistance at 0.97334 in line with the horizontal swing high resistance and 3.2 Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 0.95817...
POW EDGE In use on this trade idea.
Trading NZDCHF on the H4 time frame.
This idea is one for the swing traders and shows how EDGE can be used on higher time frames for longer duration trade set ups.
Chart shows one live short trade running which has been live since the 24th of June.
Printed trade label shows all trade details for live trade which is...
The incomplete double top pattern makes the pair rise to the major high.
The pair reacts from the demand level ✔.
break the bearish channel ✔.
for more confirmation wait for the next bullish candle ✔.
USDCHF - Intraday - We look to Buy at 0.9641 (stop at 0.9618)
Short term bias has turned positive.
We look to buy dips.
20 4hour EMA is at 0.9633.
Our profit targets will be 0.9698 and 0.9708
Resistance: 0.9700 / 0.9730 / 0.9750
Support: 0.9670 / 0.9640 / 0.9620
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
EURCHF - Intraday - We look to Sell at 1.0049 (stop at 1.0072)
The weaker Euro has boosted performance. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Previous support at 1.0050 now becomes resistance.
Our profit targets will be 0.9992 and 0.9982
Resistance: 1.0020 / 1.0050 / 1.0080
...
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will continue to drop from the 1st resistance at 0.96375 in line with the horizontal pullback resistance and 23.6% Fibonacci retracement to the 1st support at 0.94968 in line with the horizontal swing low support. Alternatively, price may reverse off the 1st resistance and...
EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down...
Hello traders,
Today we are looking at GBPCHF where we are expecting bullishness.
Why are we entering?
Price has rejected our lower trendline and structure where we can see clear rejection
We have completed our 5th subwave in our impulsive wave, therefore we are expecting a correction
We have 2 clear confirmations for a price reversal
What is our...
Hey traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.65 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
The bullish leg of CHFJPY is coming to an end very soon.
Elliott Wave theory states that waves 1, 3 and 5 have 5 subwaves. We can see that we're in wave 5 now and we've only seen 4 subwaves so far. Anticipating subwave 5 higher before the completion of the over 5th wave.
Short Term Trade Idea: BUY
- Watch for the break of the red trendline
- Enter with stops...
