Just finished a 3rd of a 3rd extended wave. Bullishness is still developing in the indicators. I Will give a close up view for what I expect in the short term. Long-term targets will be the following swing highs in green.
Implications and Outlook 1. Declining momentum likely to touch Mean Support 0.98670 from here as Swissy is prone to drop to additional Mean Support of 0.97850. 2. The violation of the intermediate-term Mean Support of 0.97850 will undoubtedly bring short-term bearish implications, having downside targets to Currency Dip which is at 0.98030, while Key Support of...
USDCHF price is high, so it is good time to look for short opportunity. Previously I unsuccessfully tried short at channel top, but market went up so I had to close my position. Right now I think it's great place to try short again, because chart is fighting with resistance zone. My target is somewhere about short term uptrend line. I will set stop-loss few pips...
Let The Chart Speak... Will keep yall updated on my move.
My long on USDCHF worked, and now I think it's good time to think about reversing this position and start to open shorts. I decided, that I will start opening shorts when chart will reject top of the channel, but I will definitely wait for results of Consumer Confidence Survey and new residential sales and I will not enter any position before that.
ONLY BUYS ARE VALID OPTION 1 (GREEN): Price retrace 40 pips and enter buys Wirth stop loss below last higher low (0.95050) OPTION 2 (RED): Price makes a new high, closes above 0.96560, enter buys on the retest at 0.96400. OPTION 3 (ORANGE): Price falls and breaks trend line making a lower low, enter sells on the retest around 0.95800.
Overall it's a bullish trend. Recent reports may seem to favor strength in the USD. This S/R area has proven to somewhat strong.. There's data all the way back to 2014 although I don't think it's necessary. Most recently, S/R has given way to bears but very briefly. I may look to open a position given the bullish sentiment. Only issue is if I look left, we can...
THIS FUCKER LOOKS JUICY AGAIN, FUCKED ME BY A COUPLE PIPS LAST NIGHT SO I'M NOT SURE ILL BE TAKING THIS ONE BUT WE WILL SEE WHEN PRICE GETS BACK DOWN THERE
Trading View on #USDCHF on 14th March 2018 Buying Dip on USDCHF after the CPI data and Trump Whitehouse Turnover. If price closed below 0.9420 will look to exit the buy trade. Entry Price : 0.9430 SL: 0.9410 TP1: 0.9455 TP2: 0.9480 Trade sytem: Range Trade Management Breakeven : 20 points Trailing: 20 points #USDCHF #BUY #SIGNAL
Short opportunity if price breaks the channel. Target at supports.
The price is above the cloud and DMI is bullish and it confirms trend market conditions. We have an uptrend and the price forms a flag chart pattern which belongs to continuation patterns. We should expect a breakout above the upper line of the flag. It will give us a buy signal with entry level at 0.95100 and stop orders at 0.94500 level. Take-profit orders...
Looks like this pair is forming a double bottom and will continue to the up side.
First idea publishing lol Zone to Zone £$£$ Chart should be pretty self explanatory... Entered my position last night before i went sleep and forgot to publish lol but i believe we can re enter the trade next week so lets see how it turns out. Will keep you all updated in the comment section below. Have a great weekend!
The price bounces from the resistance zone formed by SMA100 and 0.94000 resistance level. RSI confirms the price reversal. MACD gives a bearish signal. If the price breaks the uptrend line, we'll get confirmation for further downward movement and a new sell signal. Entry is below SMA50 and it's 0.93450 level. Stop orders must be placed above the local swing high...
Going short again in USDCHF with the first significant pullback since making it's I caught the beginning of a few weeks ago.
This pair is retesting previous breakout and look like forming double bottom.