Hi guys, I've been following this trade carefully for awhile since it has gone thru the previous high. After the NFP news, the chart has started a reversal and if you look at the 4H TF, you can see there is a fallen star candle wick. Hence, i believe that USDCHF will have minor dip to just above the 0.618 level. That said, I think this trade is still on an...
CURRENCY PAIR: USDCHF; Time Frame: 4H - 1H; SHORT OPPORTUNITY. R/R Ratio : 1.7
USDCHF in multi resistance zone : PA + fibonacci. Looks like it can go down to 0.9825 zone and from there may be create pivot low to buy 38% retrace zone back up with the bigger trend to 1.0 zone but we'll need to wait and see price action there... Best of luck :-)
Fundamental: CHF have not much happening rather than just easing monetary policy, mixed economic data. Best of all it is not much related to North Korea USD have many Fundamental factors such as rate hike in Mid Dec 2017 (might already priced-in), President Trump linked to Russian investigation and huge event this week is NFP. Technical: Pair has been on the...
Bearish in my opinion heading into the next weeks. Entry at .99300, good luck to all.
The chart is self explanatory .. Sell for 100 & 200 PIPS ... Let's Watch !!
USDCHF is showing a nice selling opportunity on the dialy time frame. It has broken a support and is now heading towards the lower range. Chances of this lower range to break are high because Stoch shows a fresh bearish cross over and on the ADX indicator you see the red line (bearish trend) is about the take over the green line! So this has a chance to be a great...
USDCHF: Quick Sell Quick Profit. SL:0957 Levels TP: 0.94 Levels
Potential Bearish Gartley Pattern formation @.97510
USDCHF Short Trend The market moves in waves (Popular Anil saying)...Waiting for a downtrend continuation following that up move. TP 0.93 (mAmA)
On the daily and 4 hour time frame USDCHF shows short of the same channel at which is now at the bottom range. The price target at the upper range is also almost identical. So this would be a nice setup to go for a buy! TP: 0.9650 SL:0.9460
Sell below 0.9592. Stop loss at 0.9623. Take profit at 0.9540. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We now prepare to sell below 0.9592 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 0.9540 support (Fibonacci extension, Elliott wave theory). Stochastic...
The pair has been trending in a medium-term channel for a few weeks now. If the current daily candel persists to the down side (stays red) I will have further confirmations to enter. I did take the trade but I am planning on scaling into this trade after the todays close.
Buy above 1.0000. Stop loss at 0.9946. Take profit at 1.0100. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target as expected. We prepare to buy above 1.0000 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 1.0100 resistance (Fibonacci extension, horizontal...