Price has held the fibonacci golden pocket as support, and is holding above the trendline support. We're looking for a sustained upside move into the 61.8% fibo extension level.
Description Price is reacting below our pivot level at 0.92242 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price can potentially drop to 1st support at 0.91713, which is in line with 127.2% Fibonacci extension level and horizontal overlap support. Alternatively, price may rise up to our 1st resistance at 0.92502,...
One can go long above high of last 3 hour candle for tgt shown...RRR 1:1
Short below break of support line and close....SL and tgt as shown...Pair seems to be forming ABCD pattern...
H1 time frame. Structure: Sideway structure with amplitude from 0.91600 to 0.92700. At the current resistance area, the uptrend has weakened. There is a high probability that a divergence signal will form. Wait for the divergence to complete and confirm the downside, then you can look for a selling opportunity with USDCHF. The profit target is the 0.91600 price...
The price seems to be fluctuating in the channel, but the daily downtrend line is in the direction of the channel ceiling. We are expected to climb to the trend line and then correct to the bottom of the canal
Hello Traders USD/CHF seems very good for buy. -Price is moving inside of big upward channel. -Also mid term trendline is rising. -Price was consolidating in a ranging area then Finally broke out with sharp upward move. -Furthermore RSI is rising. Thanks for Reading Team Fortuna -RC
One of my trades i took just a summary of what went well. - Technicals and confluences were spot on. - Good Risk Reward Ratio - Can easily spot the support and resistance levels. - Volume assisted the process very well. - That week the dollar was deflated a little due to ongoing economic news. Oil & New covid variant Omicron. - Either way the market makers...
Description Price is reacting below our pivot level at 0.92135 which is in line with 50.0% Fibonacci extension level and horizontal swing high resistance. Price can potentially drop to 1st support at 0.91553, which is in line with horizontal overlap support. Alternatively, price may rise up to our resistance at 0.92453, which coincides with 38.2% Fibonacci...
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Hey Traders, in the coming week, we are monitoring USDCHF for a buying opportunity around 0.916, Once we will receive any bullish confirmation the trade will be executed. Trade safe and use proper risk management. Joe.
USDCHF - Intraday - We look to Sell at 0.9352 (stop at 0.9369) We are trading at overbought extremes. Bearish divergence is expected to cap gains. We look for a temporary move higher. 0.9368 has been pivotal. Confidence is 40% Our profit targets will be 0.9305 and 0.9295 Resistance: 0.9345 / 0.9350 / 0.9370 Support: 0.9330 / 0.9310 / 0.9290
Prices are consolidating in a triangle and abiding to our ascending trendline. We see potential for a bounce from our 1st support at 0.91900 which is an area of Fibonacci confluences and also graphical overlap towards our Take Profit at 0.92639 in line with 100% Fibonacci extension and 50% Fibonacci retracement. RSI is showing bullish momentum. Alternatively, our...
Short on break of trend line...SL as shown...Tgt 100 % and 138.2% retracement lines Reason: Fib retracement from key level with strong rejection....
Description Price is reacting below our pivot level at 0.92231 which is in line with 61.8% Fibonacci retracement levelhorizontal overlap resistance. Price can potentially take support at 0.91693, which is in line with horizontal overlap support. Alternatively, price may rise up to our resistance at 0.92453, which coincides with 38.2% Fibonacci retracement...
Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price to make a drop from the pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci retracement . Our bearish bias is further supported by the Ichimoku cloud indicator where price...
Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price to make a drop from the pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci retracement. Our bearish bias is further supported by the Ichimoku cloud indicator where price...
Description Price has broken above our pivot level at 0.91716 which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support . We could potentially see a further rise from here towards 0.92674, which coincides with 50.0% Fibonacci retracement levelhorizontal swing high resistance. Finally, we can expect price to take support at 0.91097, which...