USD/CHF: T-B Finder @ 100% MIDAS Trading Tools for MT4 @ MQL5.com
USDCHF Covergence we wait for a local bottom and buy in h4 RSI is oversold
Price is currently making its first leg to the downside (X-1) breaking S1 and S2 - terminating the uptrend as the new data comes in. Pullback to R1 is for selling as I am looking to trade the second leg down. 4hr Time Frame with MIDAS BottomFinder indicating that there is 22.2% fuel left. MIDAS Trading Tools for MT4 @ MQL5.com
Based on H4 chart, USDCHF formed an indecision at the support area, followed by strong rejection of its former movement. The price moved a long way down, so it may be a good time for some pullback and most probably we'll see a reversal here.
Will be looking to take a long position on USD/CHF based on the following reasons: - 0.618 fib support held strong - Inside a falling wedge which is normally a sign of reversal - Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue As always, trade safe
Price failed to complete new swing low within price channel 1) Break and retest of descending price channel 2) Daily support held @ 0.98402 3) Daily candle closed as an bullish engulfing previous days + broken daily resistance @ 0.99040 4) Target 1 @ 0.96627 5) Target 2 @ 1.00398
The price is both within general resistance area (blue) and trend resistance (yellow). We've already seen it's been stalling for couple of days here and now it started to reverse. USDCHF is in medium-term downtrend, so in my opinion it's great time to take short trades here :)
in up coming hours we will be looking short opportunity in this pair
I don't give these type of precise enter or exit trade points but this time I give these areas also for my own records.
Hello Traders , We are currently very close to completing a Gartley pattern that completes @ 0.9794 This is in an area of previous resistance. We have an ab=cd move completing in this area and also bearish divergence on our RSI. Target 1@ 0.9774 Target 2@ 0.9761 Instagram: www.instagram.com Feel free to follow, like, comment and share
i'm testing this strategy i give a value referred to probability for each indicator i use Ie big Heikin Ashi candle : 30 pts stochastic crossing from OB/OS : 30 pts rsi fast enter/exit the ema : 30pts rsi slow enter/exit the ema : 30pts Vix fix bottom : 15pts If IT gets a least 60 pts it's time to enter! in USDCHF we have a good 60pts that may become 90pts...