The pair is in down trend and has broken out of the corrective structure to the downside providing an opportunity to go short once again.
The pair has broken out of smaller degree corrective structure and it looks good to sell on consolidation below the broken structure. Note: the recent move up is seen as correction of the impulse from 1.0248 to 0.96691 and hence we can anticipate another impulse to the downside and this breakout may be the beginning.
The pair in short trend as we will see it in broke resistance line I see we will have around 200 p down during next week
Go short the USDCHF if it trades at .9806 or lower. If triggered, place your stop at 1.0098 and exit the position for a profit at .9528 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
The Bat pattern appears on FX:USDCHF , which will finish its D leg soon. This gives a signal to go short. Moreover, there is a resistance level at 1.0008. Price respected that level few times and it is more likely it will do it again. T1 - 38.2% T2 -...
Major trendline broken and retested at the daily 50EMA and 50% fibonacci retracement
Possible push to 50% Fib, supporting trendline supporting price action
BULLISH ADVANCED PATTERN HAS FORMED ON USDCHF AT DAILY CHART.LOOKING TO GO LONG UNTIL AT LEAST 0.382 FIB LEVEL,WHERE ALSO A LAST KISS OF THE WEDGE BREAKOUT WILL HAPPEN OR THE MARKET WILL CONTINUE TO MAKE NEW HIGHS.
Great OPPORTUNITY to go long on USD/CHF. Price has found support on the weekly descending trendline and a perfect Gartley harmonic pattern has been formed.
After SNB's intervention in 2011 and again in 2015 I felt that I would never again trade and CHF pairs. However, It is now giving the most clearest long term wave counts of any USD pairs which also confirms my view of USD bearish cycle I have held since late 2013, see other charts link below. Whilst I have been little early and premature in thinking the top in...
wait for a confirmation to go long like a pullback or double bottom in the 4H
The smaller corrective structure is converging and I believe we may have a breakout to the downside very soon, first I will be watching any sell to the larger trend line of the larger structure and if it breaks once again which I believe is very possible once again we will have a huge long term ride to the downside on this pair. Check the weekly chart too, this...
Read text written in the chart.
Bearish Butterfly pattern has formed in USDCHF H4 chart.The price is also within a channel and is protected by a resistance line.RSI Divergence is also shown.Stop loss is placed in the next resistance line.Target 1 is placed at B point, and target 2 at a minor resistance point.If price reverses,look out for taking profits in case price starts to reverse at 38.2...
USDCHF is starting to complete its corrective structure. If this count holds true it should take half the time to reach its profit target then it took to correct. Zig Zags tend to retrace 100% of the prior wave A or W. The minimum requirement for a C wave or Y wave is 61.8% to be complete. I chose the 61% level to not pick bottoms and have a high probability setup...