Even though there are 2 scenarios Im predicting here, Im bearish biased but first if we can see a close out of the trendline and a retest then we can enter.
Price is in an uptrend making higher highs and higher lows. We pulled back quite nicely to an ascending trendline and support zone. Could see price head up from here. If price breaks previous higher low, price could see a significant drop.
Hello,Friends! We can see that USDCHF is about to fall Based on the current price action Overall, the market sentiment is bearish right now And I can see smart money entering shorts So we will sell too! Like and subscribe and comment my ideas if you enjoy them!
Time Frame: 4H Symbol: USDCHF Entry: 0.92772 TP: 0.94268 SL: 0.91654 Bias: Long The current price patterns reveal that the volatility and momentum is low and there is no significant progress in average daily ranges. But considering the proximity of support and resistance, we can expect a bullish bias which may culminate in a long trade though not very high...
On the H4, with price expected to bounce off the support of the stochastics indicator, we have a bias that price will rise to our take profit at 0.93678 in line with the 61.8% Fibonacci retracement from our entry at 0.92170 in line with the horizontal overlap support and 78.6% Fibonacci retracement . Alternatively, price may break entry structure and head for our...
Daily and 4h bearish 1 h waiting for price to come into blue marked zone before looking for a shift in direction to the bearish side before entry
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USDCHF | Price Can Move Lower During This Week Up To 0.9160 During the previous analysis the price reached the first target and it pulled back up again. So now we can see the price repeating the same movement again. In this trade, we are watching for a trend continuation trade. The price is testing the structure and it can move lower again. The downward wave...
USDCHF has been trading in bearish parallel channel, it is respecting the upper falling trendline and current price is trading near it. As highlighted on the charts, we have minor horizontal resistance and if bulls successfully taken out we will be bullish. Trade your levels accordingly.
#USDCHF Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
#USDCHF 4H TIME FRAME CHART OUTLOOK Head and Shoulder Pattern Is Formed After breakout Happened Now market will Move Towards Resistance area BUY!
On the H4, with price expected to bounce off the support of the stochastics indicator, we have a bias that price will rise to our take profit at 0.93678 in line with the 61.8% Fibonacci retracement from our entry at 0.92170 in line with the horizontal overlap support and 78.6% Fibonacci retracement. Alternatively, price may break entry structure and head for our...
he move below 0.91501 will confirm that wave B ended and USDCHF in wave C of (B)
USDCHF is currently on bearish move, and it has broken a strong support area. The Pair now looks to retest the broken structure turning into resistance. My next target is (if not broken the resistance of course) 0.91718 What do you think of USDCHF Now!!
#usdchf Head and shoulders pattern + strong support area usdchf for buy
📈 Technical Analysis I use those bearish candlestick patterns as an extra confluence when price gets into my POI (point of interest) they can make your trade much better. ⬇️ Bearish POI look for : Tweezer Tops Three Red Crows Bearish Engulfing Evening Star Hanging Man Evening Star Gravestone Doji ‼️ Don't use them ALONE as a single argument, the change of...
🎯 Those are the examples where you use all the confluences i am teaching in my community posts. ✅ Market Structure ✅ Key Level ( Support, Resistance areas) ✅ Candlestick Patterns ( bullish or bearish ) ✅ Fibonacci Retracement ( discount or premium ) You can use them as a single confluence but to have a better trade probability i recommend to allign them...
✅ A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. ✅ White spinning tops are candlestick lines that are small, green-bodied,...