Confluences: + Trendline + Round number + Fibonacci Retracement 0.6 + 0.7 + MACD Divergence + Pivot Point + Flip Zone - Take Profit: + next Support / Resistance + Or Price Action ( My Favorite way )
PRICE ACTION: • Price action finds first resistance (1), where it reverses direction and goes downwards till finding first support (2). • Price action reverse direction from support (2) and goes upwards, till finding the second resistance (3) which must be lower than the first resistance (1). • Price action reverse direction from resistance (3) and goes downwards,...
Welcome Back. Please support this idea with LIKE if you find it useful. *** It may rise towards the ascending trend line and possibly re-test the trend line and then break it according to the scenario that you set ***
There is a possibility that the stop will be hunted (High Risk Position)
The trend for UsdChf is strongly and clearly down. Since the recent touch of 0.9 support, the pair traded in a 200 pips range and I think this range is about to broken down. With DXY also strongly bearish, UsdChf can drop to 0.87 zone in the medium term. 0.9050-0.9070 could be a good place to search for selling signals. My bearish outlook is negated by a daily...
Although there is a strong bearish channel but I see a possible upward move in USDCHF currency pair,
USDCHF ********* ⏳14 Hour chart 🎲 Swing trade ⛳️Bullish entry —————-❇️——————- Detailed analysis 💬 1️⃣ 0.90000 Swiss national bank intervention level 2️⃣ 0.90000 Strong trend reversal area 3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF 4️⃣ RSI has reached around 39.00 Oversold condition 5️⃣ MACD about to cross the signal line, histogram is slowly...
USDCHF is making a correction from the upside move, watch lower time frames to buy, target 0.94
The counter has been coiling within a 300 pip range. Now, it is at the lower end of the range and taking the support. We expect the pair to head higher to the upper end of the range.
Price has completed 50 % fib retracement now rejecting it will look for long entries.
Potential Long then short opportunity on USDCHF. Will watch price action on LTF and wait for my entry trigger.
hello team. head and shoulders pattern has formed. lets look to profit on the weak USD
As see on the USDCHF chart, there is divergence on rsi and rejecting the price from the resistance above it and the blue trendline the price has high chance of sharp drop to the below support level Caution : be careful about the green trendline and close the trade if things goes wrong in that area
Hi traders and investors , if the price breaks the resistance with a great volume , the market will rise .
The counter has been in a downtrend since the start of this year. The price was consolidating in a narrow for the last few months which could be interpreted as wave 4 of Elliott wave. Now it is on the brink of rendering a bearish breakout. We expect it to breakdown and complete wave 5.
We expect the pair to complete the Elliot wave double zigzag correction @ 0.93000 before we see an opportunity to sell
I see a shorting opportunity for USD/CHF