as indicators shows the price will have a rocket move when we will test the resistance so be ready to the moon , just keep your position (buy)all the time
Its again reaching towards fib level of .618 , the day trend line is already crossed. in the event if it did not bounced than as per mentioned levels short attempt can be made
Look at a possible drop in the Swiss Franc/Euro pair on the 3 day chart.. H&S formed and looking like it may drop down to .87 or so. Also sizable bearish divergencies present on the 3 day.
The Swiss Franc basket is at a key level. Since the COVID-19 peak in March, the CHF has been forming a solid descending wedge. Price has not broken below the 1.195-1.205 zone, although it has been tested. This zone was a pre-pandemic resistance, and has since acted as a support for the Swissie.
Currently, price is...
Hello Traders, CHFEUR is showing a similar pattern. The wedge is much more extended in this case, and the pair has to make a move to break it in one way or another. The violent bearish reaction the pair experienced after touching the dynamic resistance tells us that the priority is downward. However, the trendline has not been broken. An aggressive entry can be as...
Swiss frank Index shows weakness. Bears managed to maintain the battle positions and close on frontline aka trendline. Further bearish advance is likely. Price is likely to push to 200 day sma.
What does the breakdown mean?
USDCHF AND DOLLAR INDEX - UP
EURCHF - UP
EURUSD - DOWN
CHFJPY - DOWN
Top Absolute Correlation 1 Day
1 USDCHF - EURUSD -98.1%
2 USDCHF -...
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
Maria Graells
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
Hello fellow trader
As you may see in the chart CHFEUR is forming a rounding top. This pattern's statistic shows a high reliability concerning its expected breakout.
Possible entries for a short and a following long trade may be taken from the chart.
Be advised that the price may already bounce from the projected short entry and rise into the pattern's...
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
Maria Graells
Checklist
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish/bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss...
IDC
