The CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target: Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This...
Today if I'm right I prefer to be bullish. My 2cents
Hello Traders👋🏻 On The Weekly Time Frame, The CHFJPY Price Reached a Major Key Level (151.071-151.494) ✔ The Price Failed To Create New Higher High 📈 Currently, CHFJPY formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 So, I Expect a Bearish Move 📉 ----- TARGET 1: 148.686🎯 TARGET 2: 147.700🎯 ___________ if you agreed with this IDEA, please leave a...
The EURCHF pair is now trading below the 1D MA200 (orange trend-line) for the 5th straight day. This is a downtrend that started after the March 23 High. We are looking to buy lower near Support 1 (0.972500) assuming the 1D candle closes above it and target the September 2021 Lower Highs trend-line at 0.99000. If it closes a 1D candle under Support 1, we will...
HELLO TRADERS ! On The Daily Time Frame The AUDCHF Price Reached a Support Level ! Currently, The Support Level is Broken and becomes a New Resistance Level 🔥 The Price Formed a Descending Triangle Pattern ! so, I Expect a Bearish Move 📉 i'm waiting for a retest... ----------- TARGET: 0.58800🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
Hey Traders ! The USDCHF Price Reached a 0.5 FIB Level ! Currently, The Price Formed a Double Top Pattern ! The Neckline is Broken 🔥 If Price Stays Under The Key Zone, USDCHF Can Continue The Bearish move ! ----- TARGET: 0.88650🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURCHF is on red 1D technicals (RSI = 39.692, MACD = -0.003, ADX = 65.962) as it is trading at the bottom of the 2023 Channel Down. This is a buy opportunity targeting its top (TP = 0.99500). We will short there as long as the price closes inside the Channel Down and target S1 (TP = 0.97100). The pattern and the long term bearish trend breaks , if the pair closes...
Hello Traders💖💖 The EURCHF Price Formed a Double Top Pattern ! The Neckline is Broken 🔥 so, I Expect a Bearish Move 📉 i'm waiting for a retest... ----------- TARGET: 0.97430🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The USDCHF pair has been trading within a Channel Down pattern since March 08 High, with a Diverging Lower Lows trend-line supporting on the April 13 Low. For the past three days however, the 4H MA50 (blue trend-line) has been rejecting the price. That has been the standard short-term Resistance since March 22, so almost a full month. As a result, it is more...
USDCHF is trading inside a Channel Down with technicals bearish on the 1D time-frame (RSI = 40.330, MACD = -0.007, ADX = 38.527). As the price is rebounding on S1 and the 1D RSI rebounded from the oversold 30.000 level, we projected a rebound near the 1D MA50, where we will turn bearish again, targeting S2 (TP = 0.87610). Prior idea: ## If you like our...
AUDCHF is approaching a key horizontal resistance. The price formed a double top on that on 4H. 0.6026 - 0.603 is its neckline. To short with a confirmation, wait for a bearish breakout of a neckline. 4H candle close below will confirm a violation. Short aggressively or on a retest then. Goals will be 0.601 / 0.5995 If the price sets a new high, the setup...
EURCHF is trading inside a Channel Down after getting rejected on January's Falling Resistance. As long as the Channel Down is intact, the trend is bearish. If broken to the upside, it's bullish. They key to it however seems to be the RSI. Trading Plan: 1. Sell as long as the RSI (1d) remains under its MA line. 2. Buy if it crosses over it. Targets: 1. 0.97500...
Hey Traders 💖 On The Daily Time Frame The CADCHF Price Reached a Strong Support Level ! The Price Formed a Descending Channel 📉 Currently, The Resistance Line of the channel is Broken 🔥 so, I Expect a Bullish Move --------- TARGET: 0.67700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURCHF was consolidating for 2 weeks, perfectly respecting 0.985 - 0.989 horizontal support. It was finally broken last week and a daily candle successfully closed below that. The broken structure turned into resistance now. I will expect a bearish continuation from that at least to 0.975. ❤️Please, support my work with like, thank you!❤️
EURCHF was consolidating for quite a long period of time within a horizontal trading range on a daily. Its support was broken yesterday. I believe that such a violation may trigger a bearish continuation. I expect a bearish move to 0.9787 / 0.9723 ❤️Please, support my work with like, thank you!❤️
Potential short term rejection, or bullish continuation breaking previous highs! Great opportunity for buys or sells here!
HELLO TRADERS ! On The Daily Time Frame The USDCHF Price Reached a Support Level ! Currently, The Support Level is Broken and becomes a New Resistance Level 🔥 The Price Formed a Descending Triangle Pattern ! so, I Expect a Bearish Move 📉 i'm waiting for a retest... ----------- TARGET: 0.88650🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
GBPCHF broke and closed below a major horizontal demand area on a daily. The broken structure turned into a supply cluster now. I believe that bears will keep pushing the pair lower. Goals: 1.109 / 1.1 ❤️Please, support my work with like, thank you!❤️