Stocks at new highs, incomming election, bigger sell off on USD (dxy 91.80 bottom today) prepared for a bigger move than before I look for a final tp arround 0.99 1.0
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The price is forming the Ending Diagonal pattern which is in the 5th wave, from the C point. After the completion of this pattern, we should expect the strength of the USD in front of all cross currencies.
The market reject all the resistance levels in this bearish trend and head on to test the validity of the support also, the market will go down with a high probability Kind regards
It seems like it's time to go up for USDCHF,... You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
Currently, USD/CHF is trading at 0.9095. The pair is consolidating in the resistance and support wedges. The price is moving towards its resistance level at 0.9133 and it can rebound back after touching resistance level. The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the resistance...
The counter is currently in sideways consolidation. It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern. We expect the triangle to render a bullish breakout and push the price to the upper end of the range for now.
24 AUG 2020 INSTRUMENT: USDCHF TIME FRAME: DAY CONFIRMED: 4h, WEEK INDICATORS: ICHIOKU KINKO HYO STOCHASTICS BUY ABOVE: .9136 STOP LOSS: .9122 TGT 01: .9171 TGT 02: .9187 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal...
Wait for an rejection or wick in this area then wait for that rejection to close, then take the position.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
Waiting for price to break this structure before going long
Please share with me your thoughts With kind regards
Currently, USD/CHF is trading at 0.9077. The pair is consolidating in the resistance and support wedges. The pair may start a new downtrend if it breaks the support level at 0.9058, likely the pair may rebound back after touching support levels and continue to consolidate. If the pair starts a new downtrend, after breaking the support level, then its first target...
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If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
USDCHF Updated idea Longs added at 0.90600 , will keep adding at corrections with target 1.02, I believe strong dollar is comming off because we will have another deflation phase as we had on february where all stocks crash of a strong dollar comming off, DXY is oversold at 93 (still a high number) and just made a double bottom! Good luck everyone
The price moved down for a long-time, but now it's going to moving up. So I hope the price will move back to re-test Demand Zone and then it will dumping up so long 🤓 One more time, be a dreamer 😂