Momentum has crossed over on the 4hr ema once again after price rebounded off monthly dynamic support pushing higher to close back above the daily trendline. Price moved away quickly from the lows after it failed to cross the 78.6 fib retracement level and had already struggled to break the 61.8 level over the last few days in addition to failing to close below...
Momentum on the weekly, daily and 4 hour EMA all aligned heading SE. Monthly EMA is currently neutral and price is consolidating just above the daily trendline. If price is able to break and close below the bullish daily trendline then bearish pressure is likely to continue to push price lower to the next daily key level of 1.18860 and could continue down to...
Price has consolidated between 1.19100 and 1.8800 after finding dynamic support rebounding off the monthly EMA. Price has also so far been unable to close below the 0.618 fib retracement level and formed wicks around this level. Looking for bullish momentum and close out of the consolidation zone with a 1HR cross on the EMA.
If we get this we will target the...
Previous month candle closed positive. Price has tried to close below the 1.15000 level the previous 3 weeks in a row and has been unsuccessful every time. The day candle by the close of Friday has engulfed the previous day. Looking for a pullback to the 1.14725 area before entering long.
This are the next steps for the USDCHF, after a good harmonic pattern, divergence on H4 TF and overbought, trend is up to change for long time. I have paint my 3 targets: 120, 200 and 390 pips are coming. Enjoy it fo free
Previous month closed positive. Price has now returned to the key support level of 1.15000 and although the week closed negative last week price was still unable to close convincingly below this key level. The close of the day candle bullish is possibly an early sign of reversal. Looking for price to hold this level before getting long with a target of...
Previous month candle closed positive, price has fallen below the previous key support level of 1.15000 hitting a new Week Support level of 1.13100. The week closed positive above this level showing bullish momentum. Price is now expected to return to the 1.15000 level to retest it.
Month Support at the 1.15000 level broken. Week candle also closed convincingly below this level heading lower towards the next Week support level of 1.13100. Looking for 4 hour candle close above this level before entering long for a reversal back up to the 1.14000 level.
Month candle is currently between levels resting on Key Week support at 15.250. Price failed to break this level the prior 2 weeks and previous day candle closed bullish. Looking for 4 hour bullish candle close above this level before getting long with a stop at 15.100 and a profit target of 16.000
1.9 RR Trade
Month support held at the 1.15500 level. Previous month closed bullish showing bearish momentum from April has began to slow. Price currently heading back lower towards the named support level closing the week candle bearish as expected. Looking for price to hold the 1.15500 level before entering long with an initial target of 1.17100.
Month Support held at the 81.500 level, strong bullish close of the previous Week's candle momentum heading higher towards the key Week resistance level of 84.300. Further Day resistance is just above this level at 84.500. Looking for a fail of the 84.500 area before entering a short position
Sell limit 84.500
Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.
Key Monthly Support area of 1.15500 being respected. Momentum currently heading back up towards Week Resistance level of
1.17150. A wider range of 1.15500 to
1.16300 has also been established.
Price has been rejected off of the Monthly Support area of 1.15550 heading up to the Weekly Resistance level of 1.17150. Waiting for Fail of level before getting short. Note Price is in a wider Range of 1.15550 to 1.18350
Price closed below week support level of 1.17150 after a strong rejection off key day resistance at the 1.18350 area. Momentum expected to retest Month Support at the 1.15500 level before looking for long opportunity.
Short Term Reversal off of the Weekly Resistance level at 1.17150 level. Day Candle has currently turned negative. 1 Hour Engulfing Candle. If price returns to 1.16900 following NFP will look for short opportunity 1.18RR
Take Profit 1.16425
At Week Support, possible daily close positive, 4Hr starting to show signs of holding key level. Will enter long position if price reaches 1.33500 level with
1.6 Risk Reward Trade
Could still continue lower towards the 1.30400 area