Dear traders, I just entered into a CHFJPY short play with a 1:3RR, my stop loss is placed at 117.201 with my take profit target being set at 115.201. Updates will follow with my trade management. Best, Don Deesker
HELLO GUYS , THIS IS MY ANALYSIS ON THE USDCHF. USING FUNDAMENTAL ANALYSIS ON THE DAILY CANDLE, ANYTIME A BIGGER BULLISH CANDLE OCCURS IN A DOWNTREND, IT INDICATES A REVERSAL. CHECK OUT 9TH OF MARCH, 30TH OF MARCH, 15TH OF APRIL, 4TH OF MAY, SO ON AND SO FORTH. THE LATEST BULLISH CANDLE TO FORM WAS ON THE FRIDAY AND TODAY CANDLE FORMING INDICATES A NEW BULLISH...
We had a retest of the 0.9175 price level at the CoronaVirus big selloff. Price couldn't get past this zone and actually closed the week of the low on incredibly upward momentum. A break and close above the declining trendline should yield a move to the blue ray zones above.
The franc will weaken significantly. Why? Because most people think it will gain strength.
- The previous trading week has seen a symmetric triangle consolidation of the price following a trend reversal and short rally on 11-12 June. - Over the coming week we could see the price finally break out of this pattern and continue upwards to the 0.96444 level, which has previously been an important support and resistance level. - Tightening Bollinger Bands...
We can see a bounce of the fib 50 and it looks to be forming a strong flag pattern. The flag part of the "flag and pole" pattern looks to also be creating a bullish expanding triangle. Breakout season is among us.
I’m seeing an ascending triangle forming. Another confirmation for bullish continuation? Let me know. Ideas?
My partner, MoegoTraderBleezy, has been reviewing the status of the pair leading into the weekend and coming into market open. After hearing his analysis and doing a quick glance and mark up myself, I am inclined to agree with him as far as the pair about to breakout to continue the current bullish trend. We both agreed that waiting for the upcoming news to break...
On the Pound we have a Bearish Bat Pattern the top of the prz is the CD Leg max the 2.618 and the 886 is on the lower side. we see that price shot right through the PRZ and created a big wick PA came right to the HOP level of this pattern and was rejected. i wanna see the RSI go a bit lower and i do wanna see the HSI on the other side and in the upper extreme...
So, I have always wondered why the Dollar Swiss Franc never really made any significant moves and I was reading about commoditiy currencies and ran across these things called reserve curriencies. turns out the USD CHF is a reserve currency. So, as a foreign exchange trader growth and knowledge is as important as Any other profession. with all that being said here...
Potential short play on the swissie, look for a retracement into thislevel, 1hr 50ema and a fib level for confluences to get short if previous structure breaks
USD has lost a lot of steam this week and I expect this to continue coming into the next few weeks (Despite already hitting weekly lows). Swiss Franc (known as a fairly stable currency) is one of the best choices in this current market environment, especially considering we may see massive selling in EUR in the coming days. Started to look short around 0.9650...
So far almost as forecasted. Wait for corrections (even 1H) to find sell setup as shown on the chart. Happy Trading & stay green! Please let me know your view about the idea Check out the "Related ideas..." in the links below too
I can't say exactly as forecasted, because after the original idea (which TV hide it because violating house rules) I tried to take a sell for 3 times until the last one was successful. (as shown on the chart by yellow ⬇️) Now I'm watching it if can take a buy Happy Trading & stay green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 ...