✅CHF_JPY is retesting a resistance confluence Created by the horizontal resistance And a rising resistance levels I am bearish on the pair right now Thus, I think that we will see a move down To retest the support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅NZD_CHF is trading in a similar way as the EUR_CHF However, the uncertainty present in the latter Is absent in the former one, and a short form resistance Looks natural with the target being slightly below The previous low of the breakout movement SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅EUR_CHF deceived us all, with its bullish fakeout After which is fell sharply below the resistance And not only did it fall, but the pair also broke A second key level, and is now retesting it from below Having a mixed bias after such a roller coaster I now see a short opportunity with a good RR However, the setup is risky due to the recent Wild movements...
Price is currently consolidating, trading between resistance level at 1.28 and found support on major trendline at 1.25 level. The trendline we've found support on hasn't been broken since November 2015, so a good and strong bullish move. Strong level of support can be found on this trendline, retested several times. Unlike last time we've broken this trendline...
Multiple time frame analysis on USDCHF. Directional bias explained. Buy zone spotted. ❤️Please, support this idea with like and comment!❤️
Hello,Traders! CHF-JPY broke the support cluster And fell to the local support level Now, the pair is going up to retest The broken horizontal key level And being bearish biased after the breakout I am expecting a bearish reaction once the level is retested And a move back down towards the new support below Sell! Like, comment and subscribe to boost your...
✅NZD_CHF is trading above the strong support And the pair is going down to retest it again The whole price action does not look super bullish Yet is is clear to me that the level is being defended So once the price reaches the support A local rebound is likely and we can profit from it LONG🔥 ✅Like and subscribe to never miss a new idea!✅
Hello traders, here we have a beautiful CHFJPY trade idea. This trade idea is currently in our zone of interest which has multiple confluences to give us this entry point. Firstly the price has approached our trendline which is in a structure zone, and finally we can see a reversal pattern in the smaller time frames and shooting star patterns in higher time...
GBP FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The successful vaccination program has allowed the UK to open up faster and sooner than peers & provides a favourable environment for GBP. 2. The Monetary Policy outlook for the BOE The BoE meeting on 5 August provided a flurry of comments with something for both the doves and the hawks. The QE vote split was...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At their September meeting the BoC delivered on market expectations by not providing any new information. The bank acknowledged the recent hit to growth has been bigger than expected, but also explained that they deem the hit to be temporary and still expect solid growth this year. They...
NZD FUNDAMENTAL BIAS: BULLISH 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the NZD enjoyed upside alongside other cyclical assets going into...
✅USD_CHF is going up on both the dollar strength And the weakness of the Swiss Franc itself However, the price is approaching a long term falling resistance And as the pair looks overbought mid-term The resistance might be where many take profit on longs And some shorts are possible too Triggering a local selloff So wait for the reversal signs and then act...
Hello,Traders! NZD-CHF is now going up After the pair broke the falling resistance And as our long term bias changes from bearish To bullish, I am projecting growth towards 0.69-0.70 levels Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hey traders, EURCHF is trading within a major falling parallel channel since March. With yesterday's sudden spike, the price managed to break and close above its resistance on a daily. Now the broken resistance of the channel turned into a strong support giving us a potential safe buy point. I believe the pair will keep growing at least to 1.097. ❤️Please,...
Hello,Traders! CHF-JPY was trading in an uptrend But the pair broke the rising support And I think that we will see a retest And then a strong move down Towards the target below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hey traders, GBPCHF is trading in a bearish trend since April. Setting a new structure low in August, the price retraced. For the last two weeks, we see a sharp bullish rally. Yesterday the price reached 1.28 key daily structure resistance. A trend-following move may initiate from that. To catch it, on focus is a rising channel on 12H chart. Wait for its...
✅CHF_JPY broke out of the rising channel And if the daily candle closes below the level Then my bias will change to the bearish one And I will be expecting the pair to fall To retest the horizontal level below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CAD-CHF broke a falling resistance And the pair has retested the broken level Now, I am expecting a move up With the target of retesting a resistance above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!