This idea is for educational and demonstration purposes. Please refer to the last post that's linked to this post where I gave the idea of a teacup for this pair. Please note that this is a lesson in that although we may have a trade idea, we must watch action and follow it out swing by swing. Although the teacup is very nice and pretty; prettiness doesn't...
This is not a signal but is for educational and demonstration purposes only. There are no guarantees this idea will play out. We must look at price action along the way. Here are a few confluences I see so far for the short term (they are not confluences for the entire idea; we must watch along the way and take what the market gives us. The teacup is not a...
THIS IS NOT A SIGNAL BUT AN EDUCATIONAL POST FOR STUDY PURPOSES.
If you enter this trade you do so at your own risk.
This study allows us to watch price action as it approaches a key level in the market. We watch to see if price will respect this key resistance zone, or if it will reject it and continue upward. This pair can be correlated somewhat to USDZAR in...
Divergence is indicating a move down which may mean that price is going to break out of the triangle formation to the downside. If it looks like price is going to reverse then there is also a nice little trade to take so you can profit off of this triangle either way it goes.
CHF/ZAR Update
If you followed the trade idea I posted on my TradingView on 11-20-18 (), we see how we have progressed. As charted, we hit TP. Hopefully you took your profits as noted on December 4, 2018. The reversal did occur as expected and we saw a series of impulsive moves and corrections (see current flag). Be sure your profits are protected. Although I...
Price is forming a descending wedge. Anticipate pull back to the 61.8% fib level, after which bullish price reversal. This trade is for educational and demonstration purposes only. Trade at your own risk.
The drawn out correction of the past three years is coming to an end, thus resuming the multi-year uptrend (since 2005). Prepare for significantly higher levels once the trigger at 13.85 is taken out convincingly. We expect a move towards minimally 14.52 and probably 16.77 on a 9-12 month horizon.
Near term trend: neutral
Long term trend: positive
Outlook:...
got a Cypher formation here. On the daily chart there is a consolidation channel with the bottom above and near the SL zone. I got no TA for how the market will behave after this potential bullish move but for now this is what I got. Lets see what happens.
Got a cypher here. It might be too late to enter but its still ripe. The daily shows a consolidation channel so there in not much indication as to which direction the market will take after this possible spike. Lets see what happens.
