CHFJPY reached the top of the 1 year Channel Up by exceeding the 2.618 Fibonacci extension and as the 1W technicals turned overbought the last two weeks (RSI = 69.506, MACD = 3.780, ADX = 64.451), it is an indication that we should start selling. During the previous long term correction (September 14th - January 13th) inside this Channel Up, the price had a...
Hey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.59500 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59500 support and resistance zone. Trade safe. Joe.
CADCHF reached a key daily structure support last week. The price formed a cute doji candle on that. Analyzing the intraday time frames, I spotted an ascending triangle formation on 1H chart. Its neckline was broken, and I bought the pair on a retest. Goals: 0.671 / 0.672 ❤️Please, support my work with like, thank you!❤️
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EURCHF has closed under the 1D MA50 for the second day in a row, turning the 1D time frame marginally bearish on technicals (RSI = 44.850, MACD = 0.000, ADX = 18.356). That is a clear break out sell signal, so we turn short, targeting the S1 (TP = 0.967250). If the price breaks under the S2, we will short again, aiming at a -3.25% total decline (TP =...
(an aggressive trade) SLO @ 0.7733 ⏳ TP4 @ 0.7533 (closing ALL Buy Orders) TP3 @ 0.7295 (shaving 25%) TP2 @ 0.7140 (shaving 25%) TP1 @ 0.6915 (shaving 25%) BSO @ 0.6780 ⏳ (moderate) BLO1 @ 0.6666 ⏳ (aggressive) BLO2 @ 0.6550 ⏳ (conservative
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.14700 zone, GBPCHF is trading in a downwards and currently is in a correction phase in which it is approaching a significant daily resistance zone of 1.14700. Once bears are confirmed i would consider 1.13100 as a target as it's considered the next major support...
VERY AGGRESSIVE POSITION -SL @ 161.66 🚫 SLO2 @ 161.55 ⏳ SLO1 @ 161.44 ⏳ TP3 @ 161.38 (closing ALL Buy Orders) TP2 @ 161.17 (shaving 25%) TP1 @ 161.04 (shaving 25%) BSO @ 160.85 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and...
CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern. This is a Higher High sell signal which has a triple level target. Trading Plan: 1. Sell on the current market price. 2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support. Targets: 1. 157.500 (the 0.5 Fibonacci, Rising...
Hey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.60300 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching a signification weekly supply and demand zone of 0.60300. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance zone. If bulls are confirmed i would consider 0.90500 as a target as it's considered the next major resistance...
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.98100 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.981 support and resistance zone. Trade safe, Joe.
USDCHF - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. A higher correction is expected. Trend line support is located at 0.8940. Price action continued to range between key support & resistance (0.8910 - 0.9000) although we expect a break of this range soon. Expect trading to remain mixed and volatile. We look to Buy...
Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.67900 zone, CADCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the trend at 0.67900 support and resistance zone. Trade safe, Joe.
Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Dollar Index (DXY) daily time frame 💲 The Index broke and closed above a resistance line of a falling expanding wedge pattern. It was retested on Friday. Probabilities are high, that a bullish movement will initiate from a broken trend line soon. 2️⃣USDCHF daily time frame...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Hello Traders GBP/CHF has broken Elliot triangle correction. We expect another upward wave(wave C). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a...
USDCHF is trading on and under the 1D MA50 after the rejection on the 1D MA100 which also happened to be the top of the 1D Channel Down. The 1D technicals are neutral (RSI = 50.625, MACD = 0.000, ADX = 19.636) which indicates that the price will most likely commit to the direction of the next breakout. If it closes under the HL line, sell and target the 1.5...