As discussed in yesterdays strategy session looking to play the broader range, when the following days candle retraces before triggering the trade this builds conviction in the position
This pair fell hard with the new tariff announcement from President Trump last week. We are now approaching some important price structure support levels. I am looking at a sell with 2 different ways to enter. The better scenario would be for a drawback back up to where I have my entry line drawn and see a good rejection candle form there to help confirm it's...
as we expected Swissy dropped and also made a supply zone in its way down that will be our target as we will long from the demand zone below again its all depends to Dollar index, USDCHF is DXY number II, but if dollar cooperate the scenario it on. have a great day if you have any question or comment please write i'll check it.
The previous FIBO level already gave a big bounce, therefore we'll be looking to resume buy in all CHF pairs, target is on chart...
Following a huge sell off amidst Trade tensions, the USD is finally looking to recover some of it's losses. Looking for price to build off the current 0.9833 level and run higher. Service Sector PMI is due out today which adds an extra layer of risk. US manufacturing data has been way off the mark, acting as a red flag.
This currency pair is featuring for the first time on our TradingView blogs. Current setup: Price is in a long-term consolidation dating back to 2011/2012. A break and close above resistance will suggest a breakout. Conclusion: Trading above the high of 2018 but standing aside until a breakout is confirmed after which we will look to place long trades. Any...
By Andria Pichidi - April 23, 2019 USDCHF & EURCHF Swiss under-performance continues strongly. USDCHF and EURCHF’s impressive rally, now in its 5th week. This is the loftiest level seen since January 2017 and early November 2018 respectively. The CHF crosses have traded higher on each trading day bar since March 29, raising some suspicion of there having been...
When checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to...
By Andria Pichidi - February 12, 2019 Swiss under-performance continues following yesterday’s sudden short-lived drop, which might have been caused by the lack of liquidity. Today’s collapse however has come from US Dollar demand. News that US lawmakers have reached an “agreement in principle” on border security that would avert another government shutdown at...
Hi traders, let's start the day with USDCHF. USDCHF unfolded a nice five-wave rally up from 0.971 level, which we labelled as wave 1 that is part of a bigger, five-wave cycle. The drop that followed from the 0.999 level can now be labelled as leg a, first wave that is part of a higher degree correction, which can as a whole (wave 2) look for support near the...
I have to credit user BenWright21 with this idea: Currently, the daily time frame is in the midst of a H & S pattern and has seen nice follow through the .718 level. If price continues to climb, the .7325 zone is the level to watch for a pull back. Not only do we have a sizable gap zone from Dec 2nd, it also happens to coincide with a massive downward trend...
Bullish channel Waiting for appropriate price action to determine entry. Highlighted box shows price sensitivity
2hour trend line broken and re-test CHF benefactor of global risk + UK summit piling pressure onto GBP Great risk / reward setup
Price double topped at 0.9955 The pair is now trading back below support There is a clear supply zone as 0.9846 A break below this and the first fib retracement will suggest further moves to the downside.
Price has broken out of its bearish channel. Price has now come back for a re-test and found support. Price should start to edge higher, and once we have cleared the 50% retracement, i would expect price to move more quickly.