I hope you caught that buy... Now the question is, did we complete a combo pattern "B" wave? If so, one heck of a trade in a "C" wave. So Far, this correction has played out beautifully as one to trade, ever since the breakout of the choppy channel labeled "A". Should have caught the sell from breaking the high, sorry, been busy with other stuff. Just be careful,...
For what has been an area of resistance for quite some time and still holding, an amount of sellers are waiting in this area still, and if the dollar is to stay weakened against the Swiss France then again this zone could still hold and expect another downturn in price.
Looking at this pair, we observed that it has reached a major level resistance (weekly trend line). We'll wait to see today's close to verify whether this pair wants to move higher.
Happy Trading, folks.
Cheers!
USDCHF has touched the Resistance of the 0.999 - 0.9856 Rectangle on 4H and with 1D on nearly neutral MACD = 0.001, Highs/Lows = 0.0034, B/BP = 0.0063, a rejection is expected. Short, TP = 0.98981.
This will be my views of AUD/CHF for July 2018
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
Sonic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities...
NZDCHF was emphatically rejected today near 0.6800 creating a new Channel Down on 4H (Highs/Lows = -0.0022, B/BP = -0.0038, ADX = 38.054). The imposing long term trend is bearish anyway within the larger 1D Channel Down (RSI = 40.209), which near its median is on neutral Williams, CCI, Highs/Lows. This will either pull the price lower starting now, or near...
CHFSGD is on a 1D Channel Up (RSI = 52.440) having just formed a new Higher Low (Highs/Lows = 0). With 4H already pushing higher (STOCH = 60.003, ADX = 39.893, B/BP = 0.0023), this is the most suited place for a long, TP = 1.3868.
AUDCHF has found support on the 1W support zone = 0.72414 - 0.72695 (Highs/Lows = 0) and is already rebounding on 1D (Highs/Lows = 0.0035, RSI = 54.336, B/BP = 0.0098). The targets are seen on the yellow rays with 0.75067 being the most suited.
Very fine evening star on USDCHF completed by July 1st 2018. It hasnt been seen here since last year. Evening Star is among top 10 reversal patterns. 72 percent guarantee that price will reverse (Bulkowski's candlestick patterns stats). I also plotted Hurst cycle channel and Bollinger band. Both of 200 periods (days). Evening Star reduces to paper ubrella (bearish...
I sold USDCHF from 9980. USDCHF correlates well with GOLD since Switzerland has 25% of it's reserves made up of Gold. If Gold is down in value, USDCHF will go up. Since Gold has bounced from the 1260 area and I think it will come back up, I see USDCHF heading down to 98.
This is one of my longterm portfolio trades, I've been a Bull since August last year and sold my position and reversed into a Bear in May, we're now back into the range box and after a pullback up to 1.55 (unless we get further Swiss strength and fall now), I'm expecting a move down to 1.13,, it may at some point pullback to the centre line, but with the current...
I would be looking to trade any smaller flags down for continuation of downtrend. Looks like it completed a 4hr wave 4 correction. Plus, I nailed GA sell entry and GN came right off that zone in my markup.
Took a short on the USD/CHF after seeing it head into some resistance. Dollar index moved strong today so risk management has to be aggressive on this trade. Nothing stopping it from going down 5:1. Will take off initial size at 3:1, move stop to break even and then let the rest run.
This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within...
The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which...
I posted the sell setup on Nchf and tried to explain the possible scenarios and showed you the area it might buy from. well, it shot off the 50% retrace fib. I would just like to point out when they consolidate at a trend line like that on the daily, they usually break out... It has a pattern that could have gone either way near term. The weekly looked like...
![USDCHF: [USD/CHF] - Will history repeat itself?](https://s3.tradingview.com/p/ph0YBZXi_mid.png "[USD/CHF] - Will history repeat itself?")
