USDCHF - short term bearish bias The US dollar's two-week-long rally came to a halt at the October highs around 1.0025. We may expect a pull back for the next few days as longs take some chips off the table. This would be the first retracement after the faster MA crossed above the slower one, a sign that buyers may have taken control of the action. The immediate...
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Conservative entry : wait price breakout this H1 ascending channel and test it making acorrective pattern.
USDCHF (1H) - short term bearish bias The US dollar is having a hard time pushing up to the mid-October high right underneath 1.0000, market participants might not yet be ready for the psychological parity level. The upward rectangle consolidation has seen some longs taking their money off the table, and the current indecision has probably dented the bullish...
The market overview based on the daily timeframe and why it is better to sell in this market you can find in the related ideas. The price tried to break the resistance zone at 0.99800, but this attempted failed. The market forms a clear double top, and it is a trend reversal chart pattern. This pattern will be confirmed when the price drops below the swing low...
It is an attempt to catch a pullback from 0.99800 resistance. My trade was activated at night based on the swing low in that movement. It is possible to use the same entry price or to place sell orders below a new swing low at 0.99650. Entry Price: 0.99680 Stop Level: 0.99815 Profit Level: 0.99410 Risk per trade must be no more than 1% of your capital.
I wrote about the sell opportunity, and you can read more details in the post in the related ideas. The price reached the resistance level at 0.99800, and we should be ready to see a pullback. It allows us to search for possible entry levels using lower timeframes like the 1H chart. If the price moves upward and closes our sell trades by stop, we will keep...
USDCHF (1H) - short term bullish bias The sell-off on 18 November might have made some buyers nervous but the greenback actually found enough support near the demand area of 0.9870 to make a comeback. As the pair rallied above the immediate resistance of 0.9910, one may expect the US dollar to have gained the upper hand. The latest consolidation is a sign that...
USDCHF (1H) - short term bearish bias After its drop below 0.9900 the US dollar struggled to rise back to the parity. The latest top under 0.9980 came along with a bearish RSI divergence, an indication that the rally was running out of steam. Successive breaks of 0.9940 and 0.9910 are a confirmation that sellers have taken control of the price action. Diverging...
USD/CHF - Elliott Wave Technical Analysis Structure & Degree: Primary Degree Y (pink) Complex Structure, Double Three - Intermediate (W) (turquoise): Zig-Zag within Minors ABC (blue) - Intermediate (X) (turquoise): Simple Flat within Minors ABC (blue) Semi-Impulsive Minor A (blue) Sharp Correction in Minor B (blue) Ending Diagonal in Minor C (blue) Current...
USDCHF Just touch it's major down trend line it's ideal sell setup for classic technical analysis RSI in overbought area
USDCHF (1H) - intraday bullish bias The 4H support level near 0.9850 saw robust buying interest as the US dollar bounced back from last week's sell-off. The RSI divergence on the hourly chart was the first signal that fewer sellers were pushing down the price and a turnaround was due to happen. The confirmation came from a bullish MA cross after the price...
1. Broken uptrend trend line. 2. Resistance zone. 3. Candlestick pattern. 4. EMA 32, 100 tested as resistance.
The Bearish Harmonic Bat completed at target area and the Deep Crab revealed itself after. The rising wedge confirms the strength of this pattern. Price never closed above 127.2%, this also confirms that the Deep Crab is still valid. Make sure you like the post and comment your thoughts below Dont forget to check related ideas Thank you everyone for all the...
USDCHF (1H) - short term bullish bias The US dollar has enjoyed a smooth ride so far and pulled back to the 61.8% (0.9930) Fibonacci level of the mid-October drop on the daily chart. We expect the price to meet increasing selling pressures ahead as short term longs start to take profit. However, The RSI is yet to penetrate the over-bought area, and the uptrend is...
USDCHF Breakthrough strong support line from D1 chart. After that, makes correction around 38,2 Fibo. There is a horizontal resistance line at the same level 0.9900 Possible Take Profit of Short position may be Fibo Expansion Level, around 0,9810-20