SUMMARY: The USDCHF pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are...
long at purple resistance line and supplying/doubling at red trendline
USDCHF WAITING FOR RETEST FIBO LEVEL AND SELL THE MARKET
Sell the support break, Buy the bounce. Targets outlined on chart.
USDCHF spring off from recent support 0.9786 and looks like to retest 0.9954 in coming days. TP: 0.9954 SL: 0.9786
Reversed at turncoat area, we have a broken trend line, either way for a retest of the trend line or buy with a large SL around the turncoat area.
- Conversion line it's above the base line - Span-A it's above Span-B - Price it's breaking the kumo I'm going long if Chikou (lagging line) crosses above the price. Buy order between 0.98359 and 0.98818 with potential target at 0.99374
Date: Tuesday July 05th, 2016 5.01 PM USD/CHF : CMP@0.97684 Long USD/CHF@ 97550 - 97700: Target: 0.98300/0.99200 Stop loss @0.97240 Time frame: 1-2 days
This is a text-book snapshot of an expanding triangle. The target is the trendline of the larger corrective structure.
USDCHF long 0,9550, TP 0,9610 SL 0,9510 the rise has been completed
USDCHF is giving another great buy setup. DXY is now moving up and that helps this pair to go up. The charting is inspired from webinars of @anilmangal, a great trader everyone should follow.