SNB set the floor for EURCHF at 1.2000 in Sept 2011. For more than 3 years, EURCHF has remain above 1.2000 ever since, and the market has not tested and challenged SNB resolve to hold the floor. With the Swiss gold referendum coming up on 30th Nov, EURCHF is inching slowly towards 1.2000. Would the market finally decide to test this 1.2000 floor? There are many,...
I won't be touching this until some serious demand shows up, ideally in the zone I have marked. I still think its a bit of a gamble to be long before 1.20 has been tagged.
English : Channel down perform after success break down consolidation area. At this week, bearish target at 1.2020 correction may be perform with maximum bullish target at resistance 1.2046 Indonesian : Terbentuk channel down setelah berhasil break down area konsolidasi. Target bearish berada dilevel 1.2020 Jika terjadi koreksi up, bullish target pada resistance...
$EURCHF long. Buy zone for first test of SNB resolve. How about that R:R ;)
NOW TELL ME, AM I GETTING BETTER AT SPOTTING PATTERNS OR WHAT! FUCK YEAH!
The Swiss National Bank can take measures to supplement its cap on the franc “immediately,” should such steps be warranted, its President Thomas Jordan said...., so I expect EURCHF to go up till Thursday....
Enough consolidation. We will see a big drop on EURCHF. It is time to sell.
EURCHF has been drifting towards the lower end of a 3yr channel since the beginning of the year. Although it hasn't touched the 1.200 level the SNB has vowed to defend, it's gotten close enough in recent weeks to attract bargain hunters buying in anticipation of SNB intervention. I'm long at 1.208 and like the risk reward here as the weekly RSI, Stochastics and...
EUR/CHF slid after the bearish pin bar candlestick pattern that we covered yesterday in our New York Session Watch. Before the price fell from the 1.2115 resistance level, there's another two candlestick patterns which add odds to the downside which is the doji candlestick pattern and the inside bar candlestick pattern. The current support level is at 1.2080 and...
Looking for entry at 1.2080's area. Stops above 1.2090's
EUR/JPY hitting resistance at 137.00. Taking profit at 136.70
Structure Trend continuation (price is making new structure low) Major Support line is broken
EURCHF is trading in a daily wedge. Nice bearish bat forming in the wedge for a potential short. Be aware of the wedge boundaries as PA might look for them instead.