USDCHF rebounded from strong demand zone at level 0.9611 with confirmation of pin bar candlestick pattern on H1 frame
RSI reached oversold region on H4 frame
It's expected for coming bullish wave to target first key level at 0.9765
then target supply zone at level 0.9847
Good evening, here is my view on the USDCHF. Retreat to the lower trend line. A rise to the upper trend line seems likely from a technical point of view.
Just my opinion no financial advice and also no buy or sell recommendation. ...
El par USDCHF ayer en la vorágine de caídas en los índices, llegó al primero de los objetivos. Hoy está muy cerca del segundo. Por supuesto seguimos cort
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Hace escasos minutos, el par USDHCF ha llegado al segundo de los objetivos, la presión bajista de los índices mundiales, ha llevado al franco suizo a los dos objetivos propuestos.
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Ahora permaneceremos neutrales a la espera de movimientos futuros.
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Another ABCDE to take in account for better future trading.
Orange area would be place for scalping on 5m, but as thrilling as this can be, I don't have time for this.
I'll be focusing on the yellow area in the future - entry in the start area of the pattern (two red lines) and at the same time re-test of previous highs (rise from D).
Adding this one also to...
In my previous post on this chart, I assumed this shark pattern to anticipate the 5-0. This could have been avoided by simply checking the 89 WMA.
This is indeed not a 5-0 but definitely a shark pattern and it could potentially get very extended.
See the symmetry between the lows around the PRZ which creates the...
The USDCHF, also known as the “swissie” is the fifth most traded currency in the Forex market. It is considered to a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.
