New week = fresh chart analyses from Investroy. Today, we are conducting a multi-timeframe analysis on USD/CHF, which is one of the pairs that we have on our watchlist and trade on a constant basis. Firstly, taking a look at the Weekly timeframe graph, it can be observed how the previous Weekly candle has closed in the favour of buyers by developing a nice...
As it can be observed from the 8h-timeframe graph, the price has spiked above the upper boundary of the ascending channel and dropped down instantly by printing an impulsive bearish move. Now that the re-test of the printed impulse is done, it's highly likely for the price to keep dropping and reach the area of the lower boundary of the channel.
Firstly, zooming out and looking at higher-timeframe graphs, we may clearly see that the overall trend remains bearish. Now, zooming in and observing the recent price action, it can be noticed how bullish impulsive moves kicked in last week before market closure and drove the price up. By doing this, a key zone has been formed at the area of 0.981, and the price...
On the 8H-timeframe chart, it can be observed that the price has dropped massively after printing long and ugly wicks to the upside and being unable to push further. This move was healthy and necessary for the price to re-test the previously penetrated key zone of 1.371. Zooming into lower-timeframe charts, we may notice that the price is potentially attempting...
Looking at the overall picture, we can notice the rejection and the formation of a top on the 0.986 - 0.987 area of resistance. This move can be described as the re-test of the area that was penetrated on the 6th of October. Now, zooming into lower-timeframe charts and observing the current situation, it can be inferred that the price is currently rejecting the...
As it can be inferred from the Weekly timeframe graph, the price has strongly rejected the local area of support by printing long and beautiful wick candles. Zooming into the h4 timeframe chart, we may notice that the price has spiked below this specific support and grabbed liquidity before printing bullish moves. While ranging between the borders of the...
Let's take a look at the 3H timeframe graph of EUR/USD and examine it closely. As it can be inferred from higher-timeframe charts, the price is trading within borders of a massive descending channel. Looking at this specific graph, we can see how the upper barrier of the channel has been rejected and an impulsive move to the downside has happened. Having already...
Undoubtedly, as long as the current descending channel is holding, the sentiment of the market remains bearish. At the moment, we can observe how the price is approaching the area of the 61.8% Fibonacci retracement level of the Daily timeframe impulse. From there, we will look forward to entering short positions and aiming for the DAILY timeframe Lower Low.
Firstly, taking a look at the 8H timeframe, we may notice that the price has left a massive wick candle to the upside and rejected the zone of resistance plotted on the graph that lines up with the 0.382 Fibonacci retracement level. Later, zooming into the H1 timeframe, we can observe that the price has attempted to break above the sideways-moving rectangular...
As it can be inferred from the 2h timeframe graph, the price has nicely rejected the important zone of resistance plotted on the graph and is now headed to the downside. Due to the fact that the long-term bias remains bullish, we are eyeing "BUY" positions only. The price is slowly but neatly approaching a very solid area of interest for buyers where 3...
Let's make a multi-timeframe analysis of EUR/GBP and closely observe the situation that we currently have. Firstly, looking at the DAILY timeframe graph, it can be noticed that the price has formed a massive Head&Shoulders pattern, which is a clear SELL indicator. Next, zooming into lower timeframe charts, in this case the 3H-timeframe graphic, we can clearly...
Enter, monitor, and exit are three vital steps to follow while trading. While most traders focus on how and when they can enter a particular setup, they pay less attention to their exit strategy. Today, we are gonna look into some popular exit strategies that we utilise in our personal trading. 1) Breakeven closure When the price is moving in our direction and is...
- A massive wick candle printed on the Monthly and Weekly timeframes - Rejection of the local resistance that lines up with the 61.8% Fibonacci retracement level - Formation of a top at the area of the upper boundary of the projected descending channel - Weakening of the EUR against some other currencies (correlation-based confluence)
Judging by the fact that a solid ascending channel has been formed, the middle to long-term sentiment of the pair is expected to remain bullish. At the moment, the price is ranging within the borders of the consolidation box identified on the chart. The previous DAILY candlestick has closed impulsively bearish, which means there is still a bit of room for the...
As it can be inferred from the DAILY (D) timeframe chart, the price is approaching the upper boundary of the descending channel that is illustrated on the graph. As we know, before an impulsive move happens, the price should go through a consolidation phase. This can be clearly observed taking a look at the historical price action. Thus, we are keeping a close...
As it can be noticed from the graph, the price has nicely broken below the 0.985 area of previous support now turned into resistance and re-tested the broken structure by printing a wick candle. We are pretty positive that the price will keep declining till the 0.97 zone of support is reached.
The price of EURUSD has been declining for a while now. The massive downtrending channel illustrated on the graph is still in play and the price is trading within the borders of it. At the moment, the price is sitting on the lower barrier of the channel. Although our general bias remains bearish both from technical and fundamental perspectives, we believe that a...
Taking a look at the Weekly (W) timeframe chart, it can be noticed that a crucial zone of support has been reached. Zooming down to the lower timeframe graphs, it can be inferred that the price has been consolidating around this area for quite a while now while being unable to break below the zone of support illustrated on the chart. Looking at the recent price...