Trade Idea Broken out of the channel formation to the upside. We have a 38.2% Fibonacci pullback level of 1.2116 from 1.1851 to 1.2279. Bespoke support is located at 1.2116. There is scope for mild selling at the open but losses should be limited. Expect trading to remain mixed and volatile. We look to Buy at 1.2115 Stop: 1.2065 Target 1: 1.2270 Target 2: 1.2345
Price still trading inside last week's range / Friday's range. So far, it has been an "inside day" week as the price didn't even close above Friday's high or low. I have identified several price zones that (based on my personal believe where recent turning points and/or zones that have equal highs or lows have clusters of retail orders) I believe institutional...
Shorted GBPCHF Risk : 0.8% ** This is not, and are not intended to be, an offer or solicitation to enter into any forex transaction, or any type of trading or investment advice, recommendation or strategy
Sell CHFJPY for a nice intra day trade opportunity. Targets and stops shown.
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
AUDCHF was in a downtrend with lower highs and lower lows and we have reached a major support zone on the daily chart. We are now seeing a possible exhaustion of the downtrend since we are not making lower lows and lower highs. Wicks and engulfing candles also indicating where the buyers are stepping in. I would like to see a break and close above 0.6675 zone....
Buy EURCHF to complete wave 5. Target retracement as shown.
EURCHF is basing at an important support zone. Has had a prolonged downtrend and is now not making new lower highs and lower low. Watching for a break above the 1.0915 zone here. Be wary of the wicks at 1.0950 as well.
0.79500/0.78700 zone - Major resistance respected since the impulsive move in January 2015 and since May 2018, the price has been going below this resistance. This indicates that demand is dropping. There will be publications in lower time frames soon as the reaction of price is been monitored.
price has come into long side as per LBLS indicator ,it may further move upside.
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.
After formation of bearish cypher the pricline of Swiss Franc has formed a bearish CRAB pattern. RSI is overobught. The MACD is turning bearish. This is a good opportunity to short betwen 1.27 to 1.618 fibonacci. The short position can be taken between: 0.99359 to 0.99720 Regards, Atif Akbar (moon333)
SXY - Looking to go long next week if I get the right trade entry signal :)
Price Action (Technical Analysis): Daily Head and Shoulders formed & ready for a Breakout . Bearish weekly pin bar formed giving us a heads up bearish pressure isn't going to be fading away, bears are in control. I'd like to see a 4H or Daily candle stick breaking & closing below our Head and Shoulder Neckline to confirm our high likely...
Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Long trade on GBPCHF explained. Please, check my signature below for special offers!
DAY TRADE - EXPIRES AT 9PM UK Trade Idea Trading within a Bearish Channel formation. A break of bespoke support at 1.2341, and the move lower is already underway. Bespoke resistance is located at 1.2387. The bias remains mildly bullish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to set shorts at...