Analysis made from daily time frame close below 119.728 our trade will be invalid. As we have solid support on 118.170
long buy confirmation falling flag on H4 that has been broken as it Retest of trend line.
The only time we will go for long close above 119.160
Take profit 137 pips
Stop loss 35 pips
Please show some love and comment for clear understanding...
Our daily lookout today USDCHF. Analysis made from daily time frame on demand zone. before we go long we have to outlook Moving Average to cross over at H1 before any entry. another entry conformation Stochastic has cross 20 level for buy on daily stochastic.
Our buy order level should 0.94954
Tp 0.95440
Sp 0.94770
Target 48 pips
Stop loss 16 pips.
please show...
This analysis purpose is to learn or compare your technical work we have bearish movement breaking trendline continuation.
we have candle stick above level of 107.876 on Fibonacci retracement . if we get close below 50% below fibo we looking for short opportunity. looking at price action we still have Elliot wave move. good possible entry for sell.