Based on current price action you can see the trend is creating consistent Lower lows and lower highs. Based on the two latest structure points, you can see price has retraced to the 78.6 fibonacci extension, and we've now had multiple rejections of the fib. Keeping stops very tight here, but with USD looking weak, the short play looks highly favourable Take...
USD/CHF BUY ZONE @0.9070 BY STOP @0.9250 SL: 0.9200 TP FOR BUY INSTANT BUY: 0.9220. TP1 FOR BUY STOP: 0.9380 TP2: 0.9520
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
U.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward. For short-term traders: Target Price 1: 0.91200 Target Price 2: 0.91500 For long-term investors: T arget Price 1: 0.91800 Target Price 2: 0.91920+ Look into the chart,...
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.
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.
Waiting for price to break this structure before going long
Put your eyes on the support level trendline ( ST ) and dynamic resistance ( DR ) first, USD/CHF is creating a symmetrical triangle. It's also changing trend by hitting at ST or DR . At present, it's at ST. By that means, it will touch T1 ( 0.9120 ), T2 ( 0.9160 ), and T3 ( 0.9180 ) soon. And yes, don't forget to notice the rejection zone , tail , and...
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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 counter is currently in sideways consolidation mode. It is currently in its lower end of the range and the short-term indicators show signs of oversold condition. Further, the wave interpretation deems a wave C move to the upper end of the range. Hence, we expect the pair to be bullish in the near-term.
Yesterday it gone above 0.92 but today it has almost retraceback yesterdays high. Trend on all time frames is still bearish and It long term charts pointing going under 0.90 towards 0.87. Entry is at market 0.9158 Stop 0.921 Profit target towrads 0.907, 0.9015 and 0.875.
Pair name - USDCHF Action - BUY/LONG ENTRY - 0.9183 TP - 0.9350 SL - 0.9062 TRADE STATUS - OPEN PS - I JUST AM PASSIONATE ABOUT TA AND HENCE I SHARE MY CHARTS HERE, THESE ARE NOT AT ALL FINANCIAL ADVICE. I CAN BE RIGHT, I CAN BE WRONG. IN ONE WAY OR ANOTHER, THIS IS A LEARNING FOR ME.