It seems USD/CHF reached it's resistance so now there is a good opportunity to sell until price @ 0.95000 to continue Bullish channel.
USDCHF is approaching major support and we can expect a bounce soon. Buy above 0.9499. Stop loss at 0.9459. Take profit at 0.9582. Reason for the trading strategy (technically): Price is approaching our major support area of 0.9500 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) where we expect a bounce from to...
It seems USD/CHF reached it's nearby support price @ 0.94483, Now there is a good opportunity to buy until price @ 0.95373
Contrary to yesterday's call, 2 days of indecisive price action was followed by a renewal of investor buying interest. The most positive prices for 8 week were posted as the resulting demand took the currency pair towards a test of a 50% correction of the Dec-Feb decline. Overbought extremes are an increasing concern but despite a decline in Asia this morning’s...
This video is my Trading plan on Current 3 major currency pairs. And it may play the role of educational video on how to spot cypher pattern for you
Currently I've analyzed 4 potential scenarios on this pair. I believe at least one of these scenarios will play out
Today I am looking at the USDCHF. The currency pair have reached an interim resistance level at 0.9525. It looks like there are two possible outcomes here. Price break outs and continues its uptrend to the next resistance level at 0.9725 Price rebounds and comes down 0.9425 and then possibly to 0.9200. I will be following this pair closely and try to find more...
Hey Guys, After earning some good profit out of this trade, i've decided to see whether it would break the up trend line or bounce upward. It turns out there was a bounce back followed by a strong buy signal. Hence, i believe that usdchf is still respecting its upward trend and i've decided to BUY on this trade. T/P at 0.9537 S/L at 0.9410 R:R 1.7 Please...
USDCHF: 4H Pair is on a recent uptrend. Bounced off of a larger downtrend with 2 touches in the last week. I expect it'll continue to bounce up and down until it makes a break out of this symmetrical triangle. Still needs time and trendline touches to confirm it's pattern. If the breakout goes long, make sure to wait for a pullback to bounce off the...
I've been writing about the USDCHF since March 2nd , where I mentioned that the Swiss looked like it would start giving up ground to the US Dollar. My analysis was correct and I've been LONG the pair with at least one contract since February 26th at 0.93878. Currently sitting on +127 pips profit and nearing my Fibonacci Extension Target Zone (Green Rectangle)....
Hi guys, this charts are pretty self explanatory: price has recently broke and closed above a previous level of structure and that changes our bias from short (the trend was bearish) to long. And that's why i'm looking to long this pair, with stops below the lows and targets as shown above. If you want to ask questions or share ideas, feel free to comment...
Hi guys, this charts are pretty self explanatory: price has recently broke and closed above a previous level of structure and that changes our bias from short (the trend was bearish) to long. And that's why i'm looking to long this pair, with stops below the lows and targets as shown above. If you want to ask questions or share ideas, feel free to comment...
It seems USD/CHF breakout’s it’s current support@ 0.94236. Now there is a possibility to go bullish until price @ 0.95352
USDCHF is seeing some nice support and a nice bounce could occur from here. Buy above 0.9421. Stop loss at 0.9335. Take profit at 0.9536. Reason for the trading strategy (technically): Price is testing strong support at 0.9421 (ascending support, Fibonacci retracement, horizontal overlap support) and a strong bounce could occur from here to push price up to...
As per my last update on the USDCHF pair, price has come down and currently bouncing off of the bottom of the channel. Overall the Dollar is relatively underperforming, which I have been discussing for the past few week s. My LONG is still on and my target area is still in the green fib extension area, unless price drops out of the channel like a rock and/or...
It seems USD/CHF breakout it's current bullish support channel, Now it's time to go Buy until price @ 0.95600