First wave in the wake of the impulse. Happy trading!
Swissie is effectively at the same level it was 2 years ago before the SNB dropped it's peg. Despite the volatility from that fallout price action has remained quite muted. I'm hoping to see a sustained breakout to the upside on the back of the strong dollar. Parallel channel lines fit nicely, so the potential is there. We'll need to see a weekly close above...
Very good time to enter. WAIT FOR THE BREAK, past 6 years market has not closed above 1.0350. Stop loss- 1.0350 First Target- 1.0165 Second Target- 1.0063 Third Target- 0.9943 GOOD LUCK
It does not look like a reversal yet. Short term sell is valid. If price plays along till supports area, further price action analysis will be needed to presume if the correction continues or not. Cheers.
1.0200 Holding as a resistance area and looks like a Megaphone top forming which is bearish, if that's the case I'd expect a decent drop to the 105.00 area and maybe break below the pattern , possible support around 1.010 and 1.005
everything in harmonic, here is a big chance! SHORT! Goodluck ;) ENTER : 077100 Target1: 075330 Target2: 074800 Target3: 072800 OANDA:CADCHF FX:CADCHF
So far, so good. Happy trading!
I'm expecting a five wave impulse on daily basis. Trade with care!
Fibonacci retracement & extension to measure price-action. The interaction between actionary and reactionary waves can be understood with the Fibonacci tools. Market conditions can be similar in some aspects; however, they are always different comparing to the past. To rely on fibonacci tool for trading it is necessary to have a reason to use it. In other words,...
USDCHF continues to trade sideways for 2016. We've just had the US elections. Will this be a catalyst for a breakout of some quite frankly boring trading? (if you're a trend trader). I still maintain that we should see higher prices to come in the longer term. Whether that will happen now or perhaps the start of 2017 is anyone's guess..
A pullback on #USDCHF to the .9850 area while RSI holds the 50 area would make me a short term buyer with a target of 1.000. A move to 1.00 with continued RSI divergence and I would be a longer term seller. Note the descending triangle in the RSI.
Please see annotated chart for details.
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT. ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR. FOR BUY: ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL. FOR SELL: ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL. IN ORDER TO...
Support & resistances on chart. Happy trading!
Good setup! I think it will go up! Happy trading!
The flag has 5 waves (WXYXZ) and it shows an impulse on 4h chart just right after the 'Z' wave completion. Happy trading!
Major support is being tested. For the long run I see a 5th wave coming out. Shabat Shalom!