weiloon940718

weiloon940718

If the price does not break resistance level near 0.71520 or the previous high 0.71585, we can say the price is consolidating in between 0.69633-0.71585. Buy low and sell high at this box is plausible. TRADE IDEA : SELL AT NEAR 0.71400 SL : 0.71910 (ABOVE FIBO 61.80) TP : 0.69708

weiloon940718

As long as the price do not break 0.90851, there is still bullish for USDCHF. TRADE IDEA 1 : BUY AT NEAR 0.97167 SL : 0.96985 TP : 0.98000 TRADE IDEA 2 (IF TRADE IDEA 1 FAILS): BUY AT NEAR 0.96851 SL : 0.96526 TP : 0.98000

weiloon940718

As long as the price does not break 1.11770, there is still bearish for this pair of currency. TRADE IDEA : SELL AT NEAR 1.11090 SL : 1.11312 (OR ABOVE THE REVERSE POINT ) TP : 1.09400 TRADE IDEA 2 : SELL AT NEAR 1.11699 SL : 1.12030 (OR ABOVE THE REVERSE POINT) TP : 1.09400

weiloon940718 Updated 

There is a downward channel and the price fails to break the lower channel line and reversed, now it faces a resistance 2.147, but the probability for the uptrend is high. We could wait the price to break 2.147, and long after the retracement.

weiloon940718

We can sell at level near 119.941 if it is not broken. TRADE IDEA : SELL AT 119.941-120.400 SL : 120.600 TP 1 : 117.362 TP 2 : 116.325

weiloon940718

If the price retrace to the 15 and 21 EMA and do not break it, and do not break FIBO 38.2-50.0, we can short it. TRADE IDEA : SELL AT 1273.67-1277.57 SL : 1281.50 TP 1 : 1245.10 TP 2 : 1204.90

weiloon940718

The price fails to break 50.19 and fall back to below the FIBO 61.80, if the price hit there and do not break 49.93 again, we can short it. TRADE IDEA : SELL AT 49.38-49.93 SL : 50.20 TP 1 : 47.37 TP 2 : 45.02

weiloon940718

The price has rallied to the crucial resistance 0.71512-0.72318. and there is the tendency of RSI to form a divergent pattern. Opening a short position there will be good as the risk to reward ratio is larger than 1:2. TRADE IDEA : SELL AT 0.71512-0.72318 SL : 0.72650 TP 1 : 0.69680 TP 2 : 0. 67020

weiloon940718 Updated 

Wait price to retrace to near 1.12910-1.13230 (FIBO 23.6-38.2), and 15&21 EMA. We can buy at here if RSI DON'T show a divergent pattern and price stop falling at here. TRADE IDEA : BUY AT 1.12910-1.13230 SL : 1.12660 TP : 1.14100

weiloon940718

Now there is a triangle pattern and we could wait for a breakout to confirm the trend. If the price break the downtrend line, we buy at low. If the price break the red area support, we sell at high.

weiloon940718

Price has tested FIBO 61.8 and rebound, now the short term downtrend line is broken also, so a short term bullish trend may continue until it reaches near 50.00. We could look for buying opportunity at low..

weiloon940718

There is a huge price fall since last Thursday and now the price come to the crucial support again. The prediction for a continuous bearish trend seems more reasonable after the huge price fall. However, Brexit referendum is around the corner ( this coming Thursday), exit the market and wait the results is more safe.

weiloon940718 Updated 

Libra pattern appear in H1 chart, can open a sell position with SL at 1289.22

weiloon940718 Updated 

Key resistance at level near 1.29077 (FIBO 50.00, previous broken support and AB=CD pattern). Sell at there will be ideal with good risk to reward ratio. TRADE IDEA : SELL AT 1.29050-1.29243 SL : 1.29531 TP 1: 1.27609 TP 2 : 1.26666

weiloon940718

The price has come to the crucial H1 resistance (FIBO 38.2 downtrend line and broken support that turned into resistance). So, sell at this level will be good as there is nice risk to reward ratio. The second place we can short is level near 0.70776 (previous resistance and FIBO 61.80) TRADE IDEA 1 : SELL AT 0.70257 SL : 0.70440 TP : 0.69694 TRADE IDEA 2 : SELL...

weiloon940718

The price has fallen after few trading days the bad NFP results is released. The bullish trend seems to end at the high 1.14153 (FIBO 61.80 of 1.16163 to 1.10980). If the price stop falling at FIBO 61.80 near 1.12192 and cannot form a lower low, then we could open a small long position there with profit target near 1.12845. If the support is broken,, we continue...

weiloon940718

The price tested 0.75042 and cannot create a new higher high, a fall back begins afterwards. now the price may fall back to the green support level 0.72768-0.72983 where there is FIBO 61.80 , uptrend line support and previous broken resistance. TRADE IDEA : SELL AT 0.73914 OR 0.74120 IF THEY ARE NOT BROKEN (REFER TO 1h CHART) SL : 0.74280 TP : 0.73000

weiloon940718

The price tested the FIBO 61.80 and there is also the broken support that turned into resistance at price level 0.71762-0.71917, and a bearish candle is form. The RSI showing oversold, and STOCHASTIC show a dead cross at oversold level. So, we could looking to sell high if the support level 0.70540 is broken and retested.