After SNB black swan, the pair has retraced till 0.764 fibo level, and it´s resuming previous long term uptrend. I favour the upside , buy dips while above 122
After 50% retracement I´m positioned long with SL below 128 . Consider using a small position and increase exposure on dips
The Swiss franc is lower on the day amid speculation that the Swiss National Bank (SNB) will intervene in the foreign exchange market in order to actively weaken the currency. As you can see by the comparison, gold tracks the Swissy rather closely. Interestingly enough, gold's all-time high of $1,923 ended at about the same time the SNB decided to peg their...
On January 6, I noted how the price action technicals were beginning to favor gold (here). Since, gold has begun to rally with force on both a global growth slowdown and increasing market turmoil. Naysayers will continue to hate gold, but both fundamentals and technicals remain supportive. The surprising (maybe not so much) move by the Swiss National Bank to...
Price reached key support line and 21 EMA. 2 confluence. hope to see H4 (riskier) or D1 (safer) price action to determine long entry. Stop level determined by the strength of the price action generated today. Trade invalid if D1 closes below 118 today.
I'm sticking with the overall major trend here even thought there is sellers. This is a large supply area where we coincidentally tagged a trend line right above the 50% fib level, which is known to be a huge support area in itself. Should be a nice ride.
Fibo, monthly strong support for long. Waiting for price action on DAILY
Waiting for a nice buy signal on Swiss Franc/Japanese Yen (4Hour). Reason being: We have a previous zone of resistance violated by the latest swing. As you can see, the price action on this pair is strictly bullish. We can draw a fibonacci retracement from 111.257 to 124.596 to find a potential area for price to go long again. The 0.382 retracement at 119.500...
The news about the negative rates gave way to a nice short setup. I'll enter short on any 4h pullback, targetting initially 118.459 and as a secondary target 116.079. Stop over the light blue line in my chart. Good luck gents!
CHFJPY breaking down see more breakoutbucket.com free realtime forex screener
English : Still no bearish sign at this pair, bullish will continue to reach target at 122.83 this week. If uptrendline break down, bearish target at support level at 119.20 Indonesian : Masih belum ada tanda bearish pada pair ini, bullish akan berlanjut kelevel 122.83. Apabila terjadi break trendline, maka koreksi maximal ke support dilevel 119.20 Analisa...
Nice breakout and throwback. Nice Low Risk Entry Point.
English : bullish target this week at 120.50 We can see head and shoulders pattern perform, and if neckline break down, bearish target will be at classic support and resistance at 117.00 Bullish target pada minggu ini berada dilevel 120.50 Bisa diperhatkan adanya pembentukan head and shoulders pattern, apabila terjadi breakdown neckline maka target bearish hanya...
My Trade: Put the S/L few pips over this resistance line and let it ride. Insanely good Risk/Reward in my opinion. Probably a 1-2 month hold for these targets. First Target: 116.36 Second Target: 112.23
Similar setup to my GBPJPY trade, risk/reward looks very good in this one. Stop one ATR over the entry, price already breached the previous highest low bouncing off a strong resistance zone. I'll cover once price hits my targets, setting up a break even stop after hitting the first target, or reaching CCI values below -100-200. Trade safe gents, Ivan.