USD_CHF Bearish trend, wait for a retest of supply to enter sell and reach the target SHORT
we have a big empty zone from mitigation and a down zone of liquidity
USD / CHF, an additional signal in favor of the fall of the Dollar Franc currency pair on FOREX will be a rebound from the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the Head and Shoulders reversal pattern. Cancellation of the option to drop the USD / CHF pair on Forex will be a strong growth and a...
Price is still ranging at .618 Fib. Could drop from here or make one more push the .786 level. Thoughts?
There is a very nice case of the Volume accumulation setup on the USD/CHF. The downtrend tells us that the volumes accumulated in the rotation were most likely volumes of strong sellers. When the price makes it back to this level, those sellers will try and defend their selling positions by aggressive selling activity. This should push the price lower...
Waiting for a pullback to enter short with Limit Order
Descending Triangle forming. If we get a bounce off the upper trend line we could see a large move down.
On USDCHF we are not at any major level, but we see some previous resistance before. We stopped on a level wich is higher then the previous swing low. If we hold this level and on smaller timeframes (15M, 5M) we get some kind of reversal signal , we can place a long position to a 0.618 ( Goldel ) retracement.
After the SNB announcement the USD plunged against the Swiss Franc. Since that day it has been fluctuating in an ever smaller range (see the 240 chart), never exceeding the 0.88 range. This forms a flag pattern on the chart which usually results in a trend continuation (in this case to the downside) On the 60 min chart we can see a bat pattern completion which...