USDCHF - Bearish Weakness --> Breakout expected - MTFA
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*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:
- Price is moving in a Range --> both directions are possible
- Range contains out of an upper, a lower and a middle line
- Price lastly reached the lower Line is now at the middle line --> Preparing for an Up-Movement?
--> Break of Res + Up-Movement expected
Weekly TF:
- The Downtrend is changing; LLs and LHs --> HLs and E(qual)Hs
- Equal Highs --> equal prices are being accepted in Downtrend --> bearish weakness
- Higher Lows --> price accepts higher prices --> bullish strength
--> Breakout expected
--> Up-Movement expected
Daily TF:
- Price seems to move in an "inner Range" --> Could be respected too if bullish Break fails
- Trading Idea for Position Traders : SL below daily Support + TP at weekly Resistance
H4-TF:
- Price in a consolidation --> Calm before the storm?
- Consolidation above the "Golden Zone" of the Fibonacci Retracement Tool
If you have any questions, another POV or anything else to share, feel free to do so!
Thanks and successful Trading :-)!
*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:
- Price is moving in a Range --> both directions are possible
- Range contains out of an upper, a lower and a middle line
- Price lastly reached the lower Line is now at the middle line --> Preparing for an Up-Movement?
--> Break of Res + Up-Movement expected
Weekly TF:
- The Downtrend is changing; LLs and LHs --> HLs and E(qual)Hs
- Equal Highs --> equal prices are being accepted in Downtrend --> bearish weakness
- Higher Lows --> price accepts higher prices --> bullish strength
--> Breakout expected
--> Up-Movement expected
Daily TF:
- Price seems to move in an "inner Range" --> Could be respected too if bullish Break fails
- Trading Idea for Position Traders : SL below daily Support + TP at weekly Resistance
H4-TF:
- Price in a consolidation --> Calm before the storm?
- Consolidation above the "Golden Zone" of the Fibonacci Retracement Tool
If you have any questions, another POV or anything else to share, feel free to do so!
Thanks and successful Trading :-)!
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