1. Bearish ABCD pattern complete
2. Shows Divergence at RSI
3. Reversal after ABCD completion
4. Wait for further confirmation and then go for Short Option
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Welcome to this analysis about CHFGBP and its 12-hour timeframe perspectives. CHFGBP in the recent times established important structures and recently formed a interesting bounce in its structure, besides that I discovered further determinations that are worthwhile to look at. As when looking at my chart now we can watch there how CHFGBP emerged with...
Welcome to this analysis about CHFGBP, we are looking at the 12-hour timeframe perspectives. When looking at my chart we can watch there how CHFGBP has developed this major ascending-wedge-formation with the coherent wave-count within the formation completed from A to E and with the recent pullback from the higher boundary as the wave-count has finalized...
Welcome to this analysis about CHFGBP, we are looking at the 4-hour timeframe perspectives. As I discovered recently CHFGBP has completed an important formation that is now building the origin for further volatilities to consider in the upcoming times. Therefore, as when looking at my chart we can watch there how CHFGBP completed this main...
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 resting at 1.20255, within this zone. The...
Price has broken out of the falling wedge pattern, looking for a retest of the previous trend line for momentum to continue to push this pair higher. Horizontal lines are taken off the weekly timeframe.
The dollar has currently been consolidating since the uptrend reversal and then downtrend reversal since March.
Scenario #1: Hold a SHORT position, possibly a breakthrough on the huge support apart of the consolidation.
Scenario #2: Hold a SHORT position, then when hitting the support around the 0.8205 mark you will create a LONG position.
And it looks like we have pivoted on this pair not too long ago, and what goes up must eventually come down. Gravity does work in finance as well. Goals are in purple, invalidation in red. And ofcourse, as always, do not take anything I say, including this update, as financial advice. I may be scoring 70-75% success on my predictions, but this does not mean you...