Preferred direction: BUY Comment: The long-term idea of going short on this currency pair remains, however, as we predicted earlier, it will not do without additional false breakouts and price growth towards the level of 155. Now another long setup has been formed, the growth prospects of which locate at the level of 151.500. After which there is a possibility...
Well, as you can see, the price dropped after sweeping the liquidity and creating a valid order block. On the other hand, the price broke the previous low and shifted the market structure so now we searching for sell. There is a breaker block that the price entered into, if the price can break this breaker block we can expect to move higher to the bearish order...
💬 GOLD: Review before non-farm. It’s the first Friday of the new month on the calendar, which means the publication of data on the US labor market. In this regard, there are assumptions regarding several trading instruments and how they could potentially behave during the non-framing release. Firstly, let’s slightly refresh the idea of Gold, which retains its...
OANDA:USDCHF is likely retest the demand zone before resuming its upward move
#USDCHF UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today, Anna is monitoring the USDCHF. USDCHF will go high after retesting the mentioned zones, Reason behind this is that, USDCHF was in downtrend from so long, and ahs done CHOCH pattern, also we had an triangular pattern, So looking...
Price could fall to our buy entry at 0.8941, which is a pullback support level, aligning with the 78.6% fibo retracement. Our stop loss is at 0.8882, which is below the swing low support level. Take profit is at 0.9001, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Price is testing our buy entry now at 0.9032, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is at 0.8995, which is below the other pullback support level, and slightly below the 50% fibo retracement. Take profit is at 0.9080, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on...
As it is clear from the chart, USDCHF hits a higher high near 0.91 and at Friday we can clearly see a Market Structure Shift from bullish to bearish … the target for the down trend move is 0.888 and there is a 4H FVH above current market price which can make be a good sell setup entry.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
USDCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea ?
Preferred direction: BUY Comment: The Canadian is also being viewed towards the US dollar. Here we are currently observing a downward impulse, which has hit the local limit level. On non-farm the situation can change significantly and even with the same force the price will most likely recover again. Thank you for like and share your views!
Preferred direction: BUY Comment: The franc is one of the most promising currency pairs considered for trading on NFP. Here, too, the US dollar has great potential for growth. Before growth, there may also be a movement in the opposite direction in order to eliminate “extra” buyers. Thank you for like and share your views!
Preferred direction: SELL Comment: The previously published trading idea for the Euro remains valid; we are right at the area considered for sale. Tomorrow the long-awaited non-farm is expected, which could serve as a trigger for a fall to the current lows. Thank you for like and share your views!
Today it became known about the level of inflation in Switzerland. Compared to the US, UK, and other countries, Switzerland can boast of a CPI of only 0.1%. The minimal increase in prices is due to an increase in fuel costs due to the rise in oil prices in the second half of the year. Thus, the country’s economy provides more arguments in favor of the protected...
USDCHF Channel: GREEN WK Pivot: GREEN AOB: WR1 CON: SBB BUY Stop: 0.91150 Stop Loss: 0.90693 TP01: 0.91607 DWR present as a buy setup on 2 NOV, with Channel and Pivot are green bouncing off weekly resistance However, trade is not taken/considered SPX500: NEUTRAL DXY: SELL OIL: BUY GOLD: BUY
USDCHF has reacted off an overlap support and could potentially bounce to rise towards our take-profit target. Entry: 0.90345 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 0.90014 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement level Take Profit:...
From the area of the golden zone, the previous wave made an upward correction, which can be said to be moving in a channel that is of course not valid at the moment. Therefore, with the loss limit of the spike candle, you can enter the sell trade.
As traders reinforced their wagers that the Fed would stop hiking interest rates, the USD index and dollar index futures both dropped 0.5% in Asian trading, prolonging losses from the previous day. Chairman Jerome Powell adopted a less hawkish posture than markets had anticipated by admitting that monetary conditions had tightened somewhat in recent months, even...