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.
Posted the chart maybe a little too late Long entry: 1.00191 SL: 1.00103 TP: 1.005
This is a very special pair, that has been behaving like the DXY, but with a major difference. It didn't break to new highs, but respected the Nov 2015 high. At the 0.985 level, there is a lot of resistance that can turn into support, as well the up trending support which dates back to May 2016. This trade has a natural 2:1 R/R ratio, which makes it even more attractive.
Long it! after a very nice move down looks ready for a up move.