See the previous speculation for reference purpose (see link below)
See chart for illustration ( a follow up to earlier speculation)
Dollar against the Swiss Frank is currently on a strong support level, it may bounce to be a long or it may break the support and go on a short, in anyways, I posted this just to let other traders know that they should put on eye where chf goes next week, probably we may consider a trading pair for next week. Hope everyone had nice profitable week and wish all is...
As market fast approaches this resistance level,if market decides to take a tumble down again, then we will find support at the 2 TP levels identified on the chart, which isn't necessary where the market will end but where i will TP for now. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Stuck at 0.99, and a triangle were made. Just have to wait the pattern broke. Then we follow which ever the pair goes. But it is more likely to reach 1.00 IMO.
USDCHF lose some power and it closed pretty bearish. I'll be looking to go short here, as I know that bearish pin bars after that kind of strong bullish closes are more like a "trap", but risk/reward ratio is not bad, and I'll take it with smaller risk. My trade idea here is: USDCHF SELL BELOW 0.9920 SL 1.0000 (-80 pips) TP 0.9800 (+120 pips, Key zone) TP2...
The price is sitting within a very important area containing the monthly support / resistance and also a powerful demand / supply zone. At the moment it is pushing to break the monthly pivot along with the 78.60% fib level, I will not be entering until there is a clear break of this blue zone and a show of power to the upside. Possibly then heading back to the ...
Potential double top or a reversal back to the trendline, if it breaks 38.2 fib level could show stronger signs of this reversal to the upside happening. Indicators are good for a nice upside climb.
WE WILL SEE A BIG MOVE TOWARDS UPSIDE. IT WILL PAYOFF JUST BE PATIENCE !! LETS MAKE MORE MONEY !!
We've got this pair currently rejecting 23.60 Fib level but I believe it will push through this. USDJPY is moving in the same direction and these pairs like to move together, I will be shorting this down to 0.98364 support area. Could see a retrace back to the same fib level but have some US news coming up later where the outlook looks negative, so may not...
USDCHF Short Trend The market moves in waves (Popular Anil saying)...Waiting for a downtrend continuation following that up move. TP 0.93 (mAmA)
As what you all have already known, I am a big fan of the Fakey setup as this is a strong signal which follows a strong movement day after. From yesterday's session. the USDCHF Forex pair has formed a fakey bar by easily erasing the losses made during yesterday's Asian session. For those who do not know, Asian sessions are mostly 'fake' movements. I need not...
Watching the swiss franc for a bounce off a symmetrical low that was put in last week. My trigger is an entry after the break of the previous week's high and a stop beneath the low. The expectation is to run up to another fib level in a 61.8% level from a recent down move.
For Radical investor Buy @1.003 SL-1.00 TP-1.01
We see the price fall to 0.9950 and later 0.9850
We predict the price will retrace from 0.9930 level. We buy this pair at 0.9930 and book profit at 1.0050.