ritzio

ritzio Updated 

Obviously the chart has formed a flag pattern as a correction for the downtrend rally. We could expect it to continue till the 61.8 Fib level and then reverse back and go on with the main downtrend. Although the target for flag pattern is around 1.91 there is a strong support area is on the way there. So the best TP we can get is 1.9350. One may close half or...

ritzio Updated 

So as it is clearly seen on the chart, my fav harmonic pattern may form in the next couple of days! The fantastic feature of this position,you guessed, is the SL which gives us a reasonable Risk/Reward ratio. No need to mention that you have to keep eye on the news on CORONA VIRUS. This can change everything in the coming days. OIL price has plumped as VIRUS...

ritzio Updated 

So finally USDCHF is out of descending channel and getting ready for a correction and possibly a reversal. For now we don't go for the uptrend and just want to take advantage of a long-waited correction wave. We can see a R/S zone around 0.9660-0.9680 through which price just penetrated and closed above. A pullback is expected before any other up move. If the...