Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Dollar is back at consolidating in the Trading Range against Swiss Franc. It reached to its first level and there are two more levels remaining but it can still visit the EQ below. Even so, it has more potential for upwards rather than downwards.
Please let me know if you have any suggestions...
The 0.9950 level appears to be as strong resistance in USDCHF that has reached the upper band along with the rise in the dollar index. In the current price movement, a sell pressure may occur due to short-term profit realization. 0.9900 will be followed in a downward movement for support. We will continue to monitor the 0.9950 and 0.9985 levels as resistance in...
As per previous post i am expected reversal from 0.9970 resistance zone , But price action not supporting for reversal. I changed my wave count to alternate count, Current pattern looks like Double Zigzag pattern forming and target for this pattern is 1.0048.
ENTER LONG @ 0.9918 -- TP @ 1.0048 -- SL @ 0.9850
I continue to mark the Swiss frank down. The only downside is that it has been going up for a whole month, so I had to re-examine the structure at small degrees and mark the flat in the wave (ii).
So why down?.. The upward movement is in obvious zigzags - it has a correlation character. As a rule, uptrends don't start like that. There are exceptions (euros at the...
This time the GBP/CHF pair seems to be giving us a decent short opportunity.
As we can see the pair is trading within a trading range, and, with the BREXIT uncertainty being high is rather likely to linger in the area for a little longer.
We might first test the resistance, then come crashing down!
First time posting here, Tell me what you guys think!
A possible reversal area (blue box) consists of:
1. Daily EMA200
2. Fibonacci Extension
4. 2014 High
5. 2009 Low
6. Different trendlines
7. Channel projection
8*. Wait for a bearish candlestick pattern inside the box or after the touch.
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as we expected Swissy dropped and also made a supply zone in its way down that will be our target as we will long from the demand zone below
again its all depends to Dollar index, USDCHF is DXY number II, but if dollar cooperate the scenario it on.
have a great day if you have any question or comment please write i'll check it.
The French CAC40 has struggled to break above the resistance zone into all time new highs. The ECB has promised cutting rates further negative and more stimulus...we shall wait to see the developments, but so far the markets have already priced that in and sold off today after the announcement.
The CAC40 on the 4 hour shows 2/3 market trends. We had an uptrend...
. There is a possibility of temporary retracement to suggested support line (0.6593). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Despite the Fed intention to hold the rates unchanged for 2019, the dollar fell sharply bottoming out on the 24th of June. Now that Powell will speak again tomorrow, volatility is expected to rise significantly. Where the increase in volatility could be the lighting spark to start a a bearish reversal. On the other hand, the dollar could bounce higher...