Pattern==bull pennant Buy @ 0.9500 (end of wave 4 and beginning a elliot wave 5) TP 1@ 0.9720 (Dollar recovery target) TP 2 @ 0.9900 (possible if Non farm payrolls is better than expected on next Friday September 4th) TP 3 @ 1.0401 ( in case we get a Fed hike by Feds==wave 5) SL @ 0.9200
Well price is consolidating to wave 4 in my view...conclusion==short Sell @ 0.9690 TP 1 @ 0.9550 SL @ 1.0000
Well it looks like a double top to me..... Short @ 0.9866 Tp @ 0.9810 SL @ 0.9990
Could be a short below 0.9800, TP would be however around 0.9760....As it looks like a double top around this area...
Houston we have a bull flag, i repeat, we have a bull flag :p.... Buy @ 0.9720 TP @ 0.9850 SL @ 0.9400
Short @ 0.9707 Golden Ratio 61.8 TP @ 0.9600 SL @ 0.9900 Good luck :)
Same analysis n rationale as the GBPCHF play i posted which is attached to this in the related ideas. Expecting bullish momentum to continue and i think its going to break higher from here Expected Price target is around 0.9720
Well currently price is overbought in daily chart of USD/CHF. So, i think price is going to move towards 61.8 Fib ratio first, before we see a pullback on Wednesday during Fed fund rate+Fomc statement Buy @ 0.9530 SL @ 0.9300 TP @ 0.9700
This pair I believe, is finnally breaking higher after a few weeks of consolidation with pretty big channel. Im basing this play based on the upward momentum that is currently going on with a expected target of around 0.9600
USD/CHF SHORT Trade Short Setup 5 Hours Down Trend Analysis! USD/CHF: Swiss Franc trading marginally higher this morning but for the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9454. In the Asian session, at GMT0300, the pair is trading at 0.9452, with the USD trading a tad lower from yesterday’s close. The pair is expected to...
buy @ 0.9300 TP @ 0.9500 SL @ 0.9100 This is a low leverage trade with 200pip sl + tp
As Swiss franc is exposed to events in Europe (high correlation to EUR) plus negative interest rate that will likely increase, ie becoming more expensive to store funds in CHF, Swiss banks will likely become less and less of a safe haven as other currencies become more attractive or even perhaps Gold. Also, don't forget with new tax and bank secrecy laws,...
Well earlier in start of this year of 2015 on JAN 15th, we saw Swiss National Bank rat cut interest rate from -0.25% to -0.75%. So price came down from 1.0200 down to 0.8330, like around 2000pip drop. Where price became oversold. And than we later saw alot of buying upto month of March when we saw EUR/USD near 1.0450$ for 1€. So, fed had to control price of USD,...
After rising relentlessly for 5 consecutive days, Dollar bulls faced stiff resistance today. The negative divergence in RSI has been indicative of an impending short term reversal which would push the prices back into the channel and this materialized today. Now the price is sitting on the lower boundary of the channel and a strong support zone. If the bulls...