CHF running into resistance... This lines up with CHF pairs approaching key support levels. See related ideas....
This week, Swiss Franc futures soared again boosted by trade war fear, but the next question is it's time to take the risk back?
Breakout in works
watch barrier major pair currency Long Good match Good se. Good i'm take Long order 0.01 lot. Management ATR(60) X 3 = SL
please refer back to picture for analysis. cheers.
Price made a bullish run and met resistance before the Swiss Franc pulled back bearish (50% fib level) to the point of support where price is currently trading. From this level, price has the potential to move Bullish to the price level i have marked with the green horizontal line which is 100% of the 50% fib retracement. Entry - Grey line Stop loss - Red line...
To me it looks like CHF want to go and fill in that big gap just like the EUR already did. Reasons for it to back up this idea: - Well Gaps like to be filled most of the time - HTF Bearish MS now testing the 4h -OB - You say they ran stops above that 4h ob tight before we dumped so that is bearish - Stops ran on the 1h double top (you would see it better on...
looking at the structure of the swiss, selling might not be the best option right now. with price very low into the squeeze and price in weekly demand (tested) might see a stronger swiss over the next bit on the higher time frames. its important to know who is taking the opposite side your your trade.
Shorting the swiss on it lagging on the euro a little + it's at a very good place to short with a easy stop loss to place. Good risk reward
Trading Signal Long Position (EP) : 1.0117 Stop Loss (SL) : 1.0099 Take Profit (TP) : 1.0153 Description S6H2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (1.0117) and place stop after 0.618 level (1.0099). Once the position was hit, place take profit before an agreement (1.0153) Money Management Money in portfolio...
Buy S61! @ 1.0188 Although price is still below SMA 150 and 200, short-term trend is up price above SMA50 and RSI14 just crossed above 60 on daily TF.
Some art here - Swiss franc is on its way to 1.00 and then below. Look for selling opportunities.
Swiss Franc currently in a clear down trend from daily/weekly perspective... 1.0500 proved to be key price level where institutional buyers/sellers were strong. Last time the level was tested, the price drops down significantly and I'm expecting another test of this price level. If price would reach this area again, it will probably be also 2nd touch of daily...
the Swissy that always magic shoot up can it happen again in the future ??? ..., trying to catch the shoot up of the Swissy :))))