CHFJPY is rising towards a pullback resistance and could potentially reverse from here to drop towards our take-profit target. Entry: 166.485 Why we like it: There is a pullback resistance level Stop Loss: 167.504 Why we like it: There is an overlap resistance that aligns above the 61.8% Fibonacci retracement level Take Profit: 164.976 Why we like it: There is...
We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel. I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison. The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I...
USDCHF is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.89357 Why we like it: There is a pullback resistance level Stop Loss: 0.90264 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Take Profit: 0.88302 Why we like it: There is a...
USD/CHF has broken below a pullback support and the bearish momentum could potentially drive it lower. Sell entry is at 0.89866 which is a pullback support. Wait for the current 1-hr candle (14:00 UTC +8) to close prior to initiating a trade. Should the 1-hr candle at 15:00 (UTC+8) open underneath the Sell entry, open the short trade at market. Stop loss is at...
USD/CHF could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 0.90910 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.91330 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit is between...
USD/CHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 0.91195 Why we like it: There is a pullback support level Stop Loss: 0.90712 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Take Profit: 0.91960 Why we like it: There is...
Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel. Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart. I see AUD gaining in strength as China wakes up. There's a big interest rate decision...
CHFJPY is falling towards a multi-swing-low pullback support and could potentially bounce off this level to climb higher. Buy entry is at 164.096 which is a pullback support. Stop loss is at 163.400 which is a level that aligns under the 78.6% Fibonacci projection level. Take profit is at 165.457 which is a recent swing-high resistance. High Risk Investment...
EURCHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.95537 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 0.95788 which is an overlap resistance level that sits above the 61.8% Fibonacci retracement level. Take profit is at...
CHFJPY could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 164.259 which is a pullback support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 163.800 which is a support level that aligns under a confluence of Fibonacci levels i.e. the -27.2% expansion and the 100.0% projection...
AUDCHF is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.57939 which is a swing-high resistance. Stop loss is at 0.58200 which is a level that sits above a confluence of Fibonacci levels i.e. the 78.6% retracement and the 100.0% projection levels. Take profit is at 0.57412 which is a...
USDCHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 0.89357 Why we like it: There is a pullback support that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 0.88929 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci...
Weakness is evident in the current wave and it does not have a high potential to cross this resistance zone. The possibility of returning from this area is high.
USDCHF is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 0.89031 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.88688 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci...
USDCHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.88087 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.87440 which is a pullback support that aligns under the 78.6% Fibonacci projection level. Take profit is between 0.88657 and...
USDCHF is rising towards the sell entry at 0.88285 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from this level to drop lower. Stop loss is at 0.88648 which is an overlap resistance level. Take profit is at 0.87589 which is a pullback support level. High Risk Investment Warning Trading...
CHFJPY is falling towards the buy entry at 165.402 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 163.980 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is between 166.30 and 166.70 which is an over...
Pair is trading over a strong demand zone. It is worth to open a small long position and add at every drop. It could more days to take off. GBP is getting stringer across the board. Wide stop loss, forex is very volatile, the stops loss triggers when a daily candle closes and break down the demand zone.