CAN BUY AT THE LEVELS SHOWN IN THE PICTURE .
GOOD DIVERGENCE .. WILL GO DOWN TO FIRST ARRAWO ZONE .( GOOD AREA TO BUY )
IF BREAK THAT ZONE WILL GO THE LOCATION OF 0.50 OF PREVIOSU BULLISH TREND ( GOOD AREA TO BUY ALSO ) .. WILL AVG DOWN THE COST
If we see for long term prospective the trend is bearish .
it has to come down a lot .
but it will fall down with lot of ups and down .
for short term -> can long upto max 111.477 but take care it can rebound back from 110732 and strong sell can be seen .
if it breaks 109.702 then short the pair. take care of 108.797 strong area can long and get some...
I will maintain the short for USD CHF
Dividing my trade in 3 positions
Open 1 position at :- .98996
Open 2nd position at :- .98990 (if rebound)
Open 3nd position at :- .99287( if rebound continue)
Exit at .98510 or put trailing stop and exit .98332
I guess it should do some Up and down and should fall further beyond .98332 more as per the arrows ....
Long time trend :- long
daily is showing a formation of head and shoulder.
along with that 4 hour there is a kind of wolf wave formation
small time trend :- short
Scalping :- master candle on 4 hour chart ; have a watch , if break 88.642 go long , small hold & exit
small free area below 110.875 till 110380 .. if strong candle closes in this area it will proceed to test 110.380.
else hit the level of 111.146 ... fibo pivot
if it mangaes to lose above with a strong candle then it will go to fibo 88.6
small trade ... enjoy the pips :)