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A correction is expected and bought in the direction of the trend
No divergence! Bullish Trend will continue Strategy:JUST TREND TRADING!!!!!On Higher TF (Daily,weekly monthly) What is the state of Argentina’s economy? Argentina is the third-largest economy in Latin America, behind Brazil and Mexico. Its major industries include automobiles, textiles, mining, technology, agriculture, and tourism. Additionally, analysts say...
Hey Traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.11600 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11600 support and resistance zone. Trade safe, Joe.
Both the UK and Switzerland are sort of rebels as they’ve both disregarded the EU in one way or the other. This makes them unique to the rest of the world but quite similar to each other. Here is why you should trade the GBPCHF currency pair: GOLD PRICE Across the seven seas, Switzerland’s currency, the Swiss franc, also has a strong link with gold. Using the...
Hey Traders, in the coming week we are monitoring EURCHF for a selling opportunity around 0.96700 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96700 support and resistance zone. Trade safe, Joe.
Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here. SSO1 @ 158.50 ⏳ SSO2 @ 152.60 ⏳ TP1 @ 141.33 (shaving 25%) TP2 @ 131.85 (shaving 25%) TP3 @ 124.90 (shaving 25%) TP4 @ 114.15 (closing ALL Sell Orders) BLO1 @ 111.55 ⏳ BLO2 @ 105.25 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with...
EURCHF - Intraday There is no clear indication that the downward move is coming to an end. Broken out of the channel formation to the downside. Rallies should be capped by yesterday's high. 50 4-hour EMA is at 0.9661. Preferred trade is to sell into rallies. We look to Sell at 0.9659 (stop at 0.9685) Our profit targets will be 0.9599 and 0.9589...
USDCHF - Intraday Broken out of the channel formation to the upside. Short term momentum is bullish. A break of yesterdays high would confirm bullish momentum. We are trading at oversold extremes. Trades at the lowest level in 105-months. We look to Buy a break of 0.8686 (stop at 0.8650) Our profit targets will be 0.8776 and 0.8796 Resistance: 0.8684 /...
🔰 Pair Name : USD/CHF 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY Today, the US Dollar exhibited marginal strength against the Australian and New Zealand Dollars, while facing weakness against the Japanese Yen and Swiss Franc as investors adopted a risk-off approach. The currency movements can be attributed to disappointing data from China,...
USDCHF - 24h expiry We are trading at oversold extremes. The primary trend remains bearish. Trades at the highest level in 105 months. Trading within a Bearish Channel formation. Trend line resistance is located at 0.8607. There is no clear indication that the downward move is coming to an end. We look to Sell at 0.8607 (stop at 0.8639) Our profit...
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Technical Analysis for USDCHF: - Descending triangle forming (consolidation pattern) - If price break support level at 0.8570, we could see continue bearish movement - The break of this support zone would be confirmation of entry - Indicators are suggesting potential bearish movement to come - Following the overall trend of this pair, which is bearish
USDCHF is approaching the bottom of the year long Channel Down after an aggressive rejection on the MA100 (1d). The RSI (1d) is extremly oversold, close to 20.00. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.88000 (expected contact with the MA50 1d near the top of the Channel Down). Tips: 1. The RSI (1d) gets rejected above its MA level and...
Analysis for EUR/CHF short: - Descending channel Previous support acting as resistance at the 0.9685 level. - Indicators suggesting bearish movements on 4H timeframe - Overall bearish trend - Important rejection at the .9685 level
USDCHF - 24h expiry Trades at the lowest level in 101 months. There is no indication that the selloff is coming to an end. We look for a temporary move higher. Preferred trade is to sell into rallies. Broken out of the triangle formation to the downside. We look to Sell at 0.8686 (stop at 0.8716) Our profit targets will be 0.8616 and 0.8606 Resistance:...
Hey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.13500 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.13500 support and resistance zone. Trade safe, Joe.