H4: - Structure: Uptrend - Tendency: Upward - Test support, Closed above => BUY
H4: - Structure: Uptrend - Tendency: Upward - Test support, Closed above => BUY
Weekly resistance has finally been hit again as we form a double top with bearish confirmation. We are also currently sitting at the 14EMA (as well as the 50SMA) awaiting a break of this supportive area, from there my bearish leg will be confirmed an in full swing. No major news events for the coming week either besides Retail Sales releases on Thursday. By then...
Technical Analysis and Outlook Swissy is in a completed state within upper inner Currency Dip 1.0093 since Oct 31; we have couple strategic pivotal points: retested Mean Support 0.9973 on the downside and Key Resistance 1.0085 on the upside. Current bias is bullish.
D1: - Tendency: upward and weakening - Test resistance W1, given reversal candle --> Waiting downward pullback H4: - Structure: Uptrend - Test resistance week - Given signal: Sell - Breakout trendline --> Waiting downward pullback Please support the setup with your likes, comments and by following on TradingView. Thanks
Before entering this trade on USD/CHF, I want to say I'm pretty sure it's going to retest its resistance level making a double confirmation before going down and setting up a perfect entry point, but good luck traders! hope this helps
D1: - Tendency: upward and weakening - Test resistance W1, given reversal candle --> Waiting downward pullback H4: - Structure: Uptrend - Test resistance week - Given signal: Sell - Breakout trendline --> Waiting downward pullback Please support the setup with your likes, comments and by following on TradingView. Thanks
As we can see from this USDCHF chart currently the USD strength is in play and we should expect this to continue as long as the data backs up the Federal Reserves plans to hike interest rates. We will be closely watching the data releases over the coming weeks. Keep an eye on GDP, CPI and Employment announcements as these will be key indicators to inflation...
H4: - Structure: uptrend - Below resistance - Weakening --> Waiting pullback => Buy
H4: - Structure: uptrend - Below resistance - Weakening --> Waiting pullback => Buy
price broke the consolidation to the down side, came to the retest and left a pinbar. I'm going short.
D1: - Tendency: Strong upward - Above support - Trendbar: upward weakening --> Waiting pullback ==> Buy
D1: - Tendency: Strong upward - Above support - Trendbar: upward weakening --> Waiting pullback ==> Buy
Did well today on two of the trades i posted last night so im unlikely to take this one. Price may be heading to take out Friday's high. I'M LOOKING FOR A BREAKDOWN IN PRICE TO GET IN. Will have to be a very good looking setup to take it. Lines on my charts are asian range lines. Too early to say but if price broke below the asian low i would likely sell on a...
This pair looks ready to topple on the daily chart to me. Inefficiencies above market on the 15min chart represent a good area to fill in and get a better price with a tighter stop.
This will be my views of USD/CHF (Oct 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities...
- Test Resistance daily - Pinbar on H1 ==> Sell scalp counter trend !
- Test Resistance daily - Pinbar on H1 ==> Sell scalp counter trend !