Technical Analysis 1. Potential Inverse Head & Shoulders 2. Market broke out from Resistance Level and Retraced to Previous Resistance Now Turned SUPPORT 3. Area of Confluence with Horizontal Support Structure, Trendline Pivot Point, EMA 60 and 200 4. RSI current at OVERSOLD Level Projected Mirrors, Take Profits and Re-Entries Buy Entry: 0.92316 1st Take...
Descending pattern + Double Bottom + Candle rejection Also rejection from major support We can look for a buy after a bullish pressure or a clear upward momentum Comment down your ideas or doubts
We had a very good trading opportunity on our last trade on this pair as the price moved over 500pips in our direction since my last publication (see link below for reference purposes). Fr0.92300 has held price "Supported" five good times in the past hereby making this level a very viable Demand zone we can "trust". However, this same level has been a strong...
Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/CHF: Daytrade-Preparation Market-Sell: 0.93990 Stop-Loss: 0.94280 Point of Risk-Reduction: 0.93700 Take-Profit: 0.93200 Stop-Loss: 29 pips Risk: 0,5%-1% Risk-Reward: 2,80 LEAVE A...
Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/CHF: Daytrade-Preparation Market-Buy: 0,92750 Stop-Loss: 0.92000 Point of Risk-Reduction: 0.93240 Take-Profit: 0.94940 Stop-Loss: 72 pips Risk: 0,5%-1% Risk-Reward: 3,10 LEAVE A LIKE...
Strong rally to 2.618% Fib and price resistance. Mid term play could be a long position on correction/consolidation to the 0.904-0.909 area (white circle). Price support, trendline support and Fib .618% retrace. If this area holds could be looking at Inv H&S setting up and a big wave 3 to the 0.96-0.97 area.
USDCHF, Bullish Trend after retesting Strong Support!
This broke above resistance and is now retracing to test it as support. Looking for a long entry between 0.382 and 0.5 Fibonacci, can use 1HR timeframe with MACD to more accurately pinpoint when this turns higher. Above there is a big resistance level so I am setting the TP at the bottom of this at 0.91833 and SL is just below 0.786 Fib
USDCHF is performing a perfect short-term rebound and the resistances are confirmed, we could open a short position. Wait for the confirmation.
Please view the chart for a breakdown of my analysis on this pair. If you have any questions, please be sure to leave a comment below.
ANALYSIS -------------- DAILY TF: BULLISH ENGULFING + INVERSE HEAD & SHOULDERS PATTERN 4HR TF: BREAK OF RECENT LOWER HIGH 1HR: BULLISH BREAKOUT OF CONSOLIDATION BOX PLAN OF ACTION ---------------------- - WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS - IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS...
The price moved in our direction (180pips) as predicted in my last speculation on this pair (see link below for reference purposes). After a 2 month long battle, Buyers finally broke above the key Fr0.89300 level (neckline) on Thursday... A complete reversal pattern is formed (Inverse Head and Shoulder) as I anticipate a rally soon. Tendency: Uptrend (...
USDCHF mine own perspective so what's your consideration on the price movement please comment in the below section ? I believe that. So what is your expectations in comment below. So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan Learn forex then thought to does earn Stay With me Stay With trading
Looking to short this since it has made a retrace back to 0.5 Fibonacci. For safer entry wait for EMA's to cut for short and MACD to remain below 0 which would confirm this is staying bearish. Target is the low of support at 0.88389 SL is set just above 0.618 Fib around 0.89800 area
UsdChf is forming a clear break and retest along with a head and shoulders forming at the bottom of the trend. Spotting clear Bullish Divergence to really help this one take off. Use proper risk management as always. If this stop loss hits ill enter one more time closer to the bottom of the retest structure for good risk to reward ratio.
12th February weekly inside bar confined within the range of last bar range, 0.8935 and 0.8990 shorting zone. 0.8790 would be nice target.
After the correction at the golden Fibonacci level 618 in confluence with the key level at 0.8988, the price action shows some consolidation. However, the candles are forming LH the uptrend bias remains intact. A potential long setup above the consolidation area allows a decent R:R 1:3 "---" 1:5 "__" -- *** If you like the idea, please don't be shy and click...
Good Day Traders !! On this pair we just completed the 5 waves of the impulse corrective continuation pattern on the monthly timeframe and we just started the ABC corrective wave. On the Weekly timeframe we have a the price that started creating a rising Wedge and this is why we expect it to retrace to the neckline of the H&S and begin his next impulsion. From a...