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
Hi, A possible reversal area (blue box) consists of: 1. Daily EMA200 2. Fibonacci Extension 3. AB=CD 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. Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Do your...
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!
Hello Traders, We can clearly see Hidden Bearish Divergence forming on this pair and also wave count also suggest more downside is possible on short term. I am looking for final leg of medium term corrective structure downside. SIDE : SHORT Entry @ 1.00127 -- TP @ 0.9711 -- SL @ 1.01270
Pound Franc broke thru the trendline, waiting for a retest.
Downtrend. Looking for correction to monthly/weekly pivots then short to next weeks M1 Pivot.
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.
Franc shows to us Head & Shoulders figure. We can open BUY because the price crossed basis line. Potential profit will be in 3...5 times bigger than risk.
We can open SELL here because the price is under Key Level 0.98382.
Trading suggestion: . 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. Technical analysis: . 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....
Trade Idea: 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...
Have a look at the attached link below for the full analysis behind this trade setup: INSTANT ENTRY: AT AROUND 1.13200 LEVEL STOP LOSS: 1.14700 TAKE PROFIT: 1.11700 RR: 1:1 shall there be any updates i will update them here below.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF 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....
catching the rest of this move up to the 0.5 level would be good
Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely...
Have a look at the main weekly TF chart of this pair. Its a very tricky pair to trade if you look closely at it but if you look at the monthly TF, you will notice the price is rangebound for quite some years now. The red horizonatal lines represent the concrete support and resistance levels taken from the monthly charts. From the main chart, it can be seen that...