As it is obvious that the price has been located in bullish channel, other view of price shows that the new range of neutral trend has been shaped .
At first we see 2 channels which just one of them are confirmed! because channel must have at least 3 points that took place one by one on the support and resistance trend lines of the channel in a one direction. So we have faced with 2 possible falling wedges which could be very potential to have new bullish attitude of the price!. good luck friends!
If the 1407 level is broken to downside, the way will have 1386 direction and in an other assume we may see the pullback to 1425 then 1386.
If the 1407 level was broken to downside, the way is to have 1386 direction and in an other assume we may see the pullback to 1425 then 1386.
You ve heard about feds lower interest rate . News and realities are two face of markets! Logically when the interest rate fells down, we expect to increase of gold, silver and other cross symboles of USD but we see the inverse reactions! why? Because of price attraction to powerful money!
The decreased volumes and increased prices may be indicate that we may interfere with a correction.
We have failed head and shoulder bottom pattern with a successful breakout of a parallel horizontal channel. So we have the tps listed below. good luck.
The new analysis supports classic technbical analysis and volume behaviour.
In h4 analysis i saw the bullish channel breakout then there would be 2 steps.
We can identify the psychological price levels which can lead us to consequences of bad version of Brexit... The analytical time frame is H4.
We have confirmed head and shoulders pattern and failed double bottom pattern so the tp is about 1400$ on the base line of the bullish channel.
I have made a mistake in analysis of daily movements of usdchf, in low time frames there are repeated symmetrical triangles with minimal compeleted movements of the price! So if the patterns show their support breakout and if we assume that there is an unsuccessful bottom head and shoulder pattern with a successful top head and shoulder, we could say that the...