Price is in an descending triangle on the daily. We've broken the counter trend line and are now back below the clouds. 50 EMA recently crossed below the 200 and we have rejected the 38.2 level and are headed down. Waiting for a break of the 0% level and a previous low wick for confirmation to take it down the he daily level.
USD/CHF still appears weak, despite Monday’s recovery from a session low at 0.9896. At present, the pair is trading at 0.9944, a loss of 0.14% from Monday’s North American close. Support on a further move lower is at the mid-point of Monday’s long green candle, which comes in near the 0.9925 level and corresponds to a 61.8% retracement of the advance that took...
Amid no economic releases in Switzerland today, trading trend in the CHF is expected to be determined by global macroeconomic events. Intraday bias in USD/CHF remains on the downside for 0.9812 support and below. Fall from 1.0342 is seen as a correction. Hence, we'll look for bottoming signal below 0.9812. Meanwhile, on the upside, above 0.9999 minor resistance...
Possible short breakout setup Economically supported brexit possible fake breakout in between 1.260xx-1.263xx
Hey traders, here's another index outlook. I like both the Franc and the Euro long if we can break recent highs. This would be an indication of continued bullishness toward completion of a triangle on the 1H.
Perfect break and retest of CHFJPY. Plus 4 timeframes up are bull
I was having an incredible sushi here in Johannesburg tonight, when I got to the hotel and saw my set up already gone. Normally I would just forget about it and find another trade, but I am short on this. I don't care if it has already gone. I am on this trade. Decent 1.8 RR. Have a good week all.
We have now seen a running flat which normally leads to another impulse. We can clearly see that there has only been 2 impulses and that 1 is missing. Anyway, I will not be taking this trade as there are massive impact news that will cause massive volatility.
Got Filled on Long Position: CINF 17MAR '17 70 C @5.30 Target: stock price $78 // option price at least 7.00
Got Filled on Long Position: CINF 17MAR '17 70 C @5.30 Target: - stock price $78 - option price at least $7
usdchf long trade Daily momentum up 1H momentum up MA200 rejection Trend line rejection Support line rejection Pin bar + closing above 4H 50MA rejection
Price failed to stay below the green zone, which means that this support zone still keeps well. Aggressive traders could enter long based on the trendline; otherwise traders could look for long entries when price breaks yesterday's high.
Dollar Swiss showing some good price action. Looking to long this pair at the pink zone.
Japanese economy looks stronger than swiss economy. Technically looks good for short.