hi guys , i've already caught the two major rejection from the trend line , now that the price has moved enough is retracing , forming an eventual ross hook pattern ( or 1 , 2 , 3 how you wanna call it ) serving us a pretty sharp entry in favor of the north-directioned microtrend , get ready to trade guys and let me know if you will trade this setup . cheers
this is a compound trade for me as I am still holding my original buys from the initial impulse move to the upside.
The Tidal Shift Strategy has just bought CHFJPY at 109.869. The system recommends entering this trade at any price between 109.692 and 110.046. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.202, which suggests that the CHFJPY could be trending upwards.The 14-period Average...
The Congestion Opportunities Strategy has just bought EURCHF at 1.13231. The system recommends entering this trade at any price between 1.13141 and 1.13321. The signal was issued because the 28-hour Relative Strength Index indicates that the EURCHF may be oversold, while the Speculative Sentiment Index reading of 1.29698 indicates that trader sentiment is not at...
AT 61.8 FIB LEVEL. RSI OVERSOLD 4/1H. UPTREND ON HIGHER TIME FRAMES. TESTING OF LOWER BOLLINGER BANDS!
Hoping for a retest and bounce of the bullish TL around the 1.13104 mark, if correct i will be going long. Any advice will be greatly appreciated
EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 38.2% & 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1401(61.8% Fibonacci extension, horizontal pullback resistance). Stochastic (34, 5, 3) is approaching its support where a...
EURCHF bounced nicely off its support at 1.1349 (horizontal overlap support, 100% fibonacci extension , 38.2% & 50% fibonacci retracement ) where it could potentially bounce to its resistance at 1.1435 (horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ). Stochastic (55, 5, 3) is bounced off its support where a...
EURCHF bounced nicely off its support at 1.1375 (38.2% & 23.6% Fibonacci retracement, horizontal swing low support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 1.1428 (76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur.
EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1385 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price....
The pair is extending 100-DMA break, hits 9-week highs, bias higher. Momentum studies are bullish, Stochs and RSI are sharply higher. RSI is above 50 and biased higher. MACD also supports upside. We also evidence a bullish divergence on RSI and Stochs which adds to the upside bias. Good to go long on dips, SL: 1.1360, Tgt: 1.1460
The Trend Follower Strategy has just bought EURCHF at 1.13826. The system recommends entering this trade at any price between 1.1374 and 1.13912. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.55439. This suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is...
5 touches of this area has left it very likely to break. FTA marked right above us in red, will probably have a short pullback there and confirm an S/R flip before moving up further. This one requires a bit of patience
The Tidal Shift Strategy has just sold EURCHF at 1.12692. The system recommends entering this trade at any price between 1.1256 and 1.12824. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.80189, which suggests that the EURCHF could be trending downwards.The 14-period Average...
EURCHF is approaching our first support at 1.1317 (horizontal overlap support, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 109.70 (100% Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a...
EURCHF Cup & Handle Breakout Looking for a proper breakout above resistance before considering this setup. Details are on the chart. Happy Trading! P, D, P
EURCHF has been bouncing between the demand and supply zone and struggling to break out. we have reached the supply zone yet again which has given us yet another opportunity to take short positions.
The Tidal Shift Strategy has just bought EURCHF at 1.13421. The system recommends entering this trade at any price between 1.1334 and 1.13502. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.15448, which suggests that the EURCHF could be trending upwards.The 14-period Average...