The overnight rollover for this pair is so high and it's on point with the trend that I'm going to do a position trade with this pair for a couple months. A couple days holding this pair will pay for the spread. I'm just trying to find a pair to hedge with this pair so i can limit any losses that may incur but yeah the overnight swap for going short is...
After the test of the 0.618 Fibonacci level at the 330 area, CHFHUF has turned into a bearish scenario.
The price is now testing a weekly trendline above a support and according to Plancton's strategy if the market will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure ->...
Get ready, forex traders🔥
One more formation for you.
There is a Symmetrical Triangle on CHF/HUF currency pair.
There was a strong bullish sentiment before consolidation.
According to Elliott Waves theory Wave C is done and now the price is heading to Wave D.
Follow the chart and look for the breakout carefully....
You have any hesitation above the chart
Have any glitch on the nzdchf weeklieas chart ? i hope traders can properly indentify my charting glitch !
CHFHUF expectation is rights?
CHFHUF will be gone moon !
#CHFHUF Where will be arrived?
CHFHUF BULL prive movement prediction ready i believe that .
CHFHUF mine own perspective so what's your opinion on the nzdchf...
CHFHUF on the 4h chart after the bounce on the weekly support created a strong bullish impulse.
According to Plancton's strategy if the market will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...
CHFHUF on the 4h chart is moving on a wide range between 2 major structures.
The price after breaking below the ascending trendline is now testing and bounces over a weekly support.
According to Plancton's strategy when the price will break below, we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴...
CHFHUF after the triple top over the 334.500 level broke below until the daily support at 328.300.
The market created a double bottom and after a first impulse is now creating a 2ns one.
At the retest of the structure, we can set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴...
The pair has been trading on a steady Higher Low bullish sequence on the 1D chart (RSI = 64.877, MACD = 4.886, ADX = 60.426) since 2019. Recently however it has entered a strong parabolic rise that is currently consolidating. Typically this is a sign of exhaustion and the MACD has already started to roll downwards. We are aiming on a 0.500 Fibonacci retracement at...
The pair is trading on a strong 1D bearish leg (RSI = 37.148, MACD = -1.594, Highs/Lows = -0.8378) that has rebounded on the pivotal 30.000 RSI level. Based on CHFHUF's past price action on that level, we are expecting a medium term rebound to 305.000. On the long term, assuming the Support from the previous Monthly High holds (as it has done since 2018), we are...
Pattern: Emerging Channel Down on 1D within the wider 1M Channel Up pattern.
Signal: Bearish with the ideal entry once the 1D RSI hits 60.00.
Target: 296.00.
On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .
A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still...
The price has been trading within a 1W Channel Up (RSI = 59.050, MACD = 2.419, B/BP = 4.6780) and has just priced a Higher Low (Highs/Lows = 0.0000). A moderate long TP is the previous Higher High at 292.380. A riskier TP is a new Higher High at 296.380.
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TP = 286.634 as CHFHUF extended the gains on the 1D Channel Up (RSI = 58.041, MACD = 1.231, B/BP 1.4290) to a 292.000 Higher High. After continuous Higher Lows (Highs/Lows = 0.0000), we expect a narrower Rising Wedge to approach a peak, so we are long again, TP = 295.175.
CHFHUF is on a 1D Channel Up (RSI = 57.732, MACD = 0.384, Highs/Lows = 1.4859, B/BP = 2.9840) and has just printed its Higher Low. Long taken, TP = 286.634 (previous Higher High).
