This thing has gone as expected. It has great RR ratio with a nice cross on the stoch.
Hi everyone: CADCHF has been on my watch list for a few weeks now. This week we are seeing a potential falling wedge broke out around 0.72000 area. The daily chart is is over extended, and in need of a proper pullback. I will be looking for any potential long opportunity on the intraday charts. Thank you for your support and feedback.
Hi everyone: Looks like we have a nice long entry here on CADCHF, as the 4 hr chart found a nice support around 0.7150 and broke out of the resistance trend line and pulled back to form a higher low. Good to go long for 2 targets. Target 1: 0.7270 (2%) Target 2: 0.7350 (4.29%) Thank you for your support and feedback.
*All time high ('ATH') on a Total Return basis (dividends reinvested) 1. SMI has rallied an incredible 4% month to date, 7% in 30 days. 2. 'ATH's are defined as a tops set and not surpassed for several quarters to years. 2. We distinguish between rallies below the 'ATH', and rallies above 'ATH'. 3.a. Rally to the 'ATH' (from below) can continue similar momentum...
Aussie has had a lot of bearish momentum against the Swiss. If a break occurs we'll be selling the massive 18 months weekly flag. Also, if it fails to break just yet, we'll be trading the break of the red trend line. Up to the new highs to then sell. This is a really long term set up that could give us massive returns. Have a great week. ------------ Aussie ha...
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
121 BEARISH HARMONIC PATTERN POSSIBLE WAVE EXTENTION OF LEG V EURCHF PRICE SEEMS IS LOOKING TO BREAK PAST WEEKLY RESISTANCE OF 1.067XX THE POUND IS INCREASING ITS DEVALUATION WEIGHT ON THE EURO HAS PUSHED THIS PAIR TO A TIGHTER RANGE AS IT MOVES TO LOWER LOWS OVER THE PAST WEEK. CH20CHF ALSO HAS BEEN ON A BULLISH RUN SINCE 2016/11 SUPPORTING A FURTHER DOWNSIDE...
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.