Hi Guys!
Congratulations!
This was quite a long trade but we managed to make over 30% profit.
This was a safe and profitable trade.
Thank you for taking part.
Massive Hugs!
WBM Team
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-On April 2019 price broke the ascending trend line
-After that, price started a corrective structure
-As we saw on the weekly analysis the price couldn't surpass the resistance zone and made a breakout of the corrective structure, starting a bearish movement
Based on this, as the price breaks out...
EURCHF is testing our first resistance at 1.3295 (61.8% Fibonacci extension,38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 1.2657(horizontal swing low support, 61.8% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully...
Daily candle looks very strong, could be a reversal on the short term. If we see a nice flag being formed on the right coming hours or so, it is very likely to see another similar wave up. If the flag holds, it's like 70/80% chance it will play out.
Previous analysis:
EURCHF has formed a nice head and shoulders pattern after finding resistance at the .786 fib retracement level. I expect the trend to continue downwards.
My initial target will be the recent support at 1.1353 and my secondary target will be the 1.272 extension of the recent bearish impulse leg--a level that has nice confluence with structure (look left!)
Trading Timeframe: H4 and Daily
Trend: Range
Current Position: Distribution
Aim: Imbalances spotted and aim to short to expect the ranging situation comes to an end to welcome EURCHF downtrend toward the mentioned area.
Action: Short
Entry: Right now/once market open
Stop Loss: around 1.48100
Target Profit: 1.11050
EUR/CHF 1H we can short bearish structure
stop lose = TP1
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect...
SELL
1.13799 - 1.13977 Add to Watch List
Signal ID: 65299
Time Issued: Friday, 03 May 2019 07:00:16 GMT
Status: open
Entry: 1.13799 - 1.13977
Limit: N/A
Stop Loss: 1.14244
The Tidal Shift Strategy has just sold EURCHF at 1.13888. The system recommends entering this trade at any price between 1.13799 and 1.13977. The signal was issued because our Speculative...
1.13992 - 1.14182 Add to Watch List
Signal ID: 65216
Time Issued: Tuesday, 30 April 2019 09:00:15 GMT
Status: open
Entry: 1.13992 - 1.14182
Limit: N/A
Stop Loss: 1.13707
The Tidal Shift Strategy has just bought EURCHF at 1.14087. The system recommends entering this trade at any price between 1.13992 and 1.14182. The signal was issued because our Speculative...
EURCHF has reversed nicely between the .382 and .5 fib retracement levels. I expect the pair to continue downward. My initial target will be the most recent level of support, and my secondary target will be the 1.272 extension of the impulse leg.
Here we have a great opportunity to short the Euro Swiss.
After a clear Double Top and bearish break of an Ascending Support with clear Oversold RSI + Divergence , we can expect the pair to continue its move downward.
I will look to sell the retest of the 1.142 level of structure--a level that has nice confluence with the . 382 retracement of the...
