Chathifriends

Chathifriends Updated 

According to EW theory, EA has completed the 5 waves to the upside and this is the possible top to short at H4 resistance. EA is also bearish on daily. Please confirm with your strategy before entering a trade!

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According to EW theory. AUD CHF has completed the 5 waves down and is now in an uptrend TP at H4 resist.

Chathifriends Updated 

Long GJ is in play as it has completed the ABCD based on EW theory now expecting the last push on price to 187. Please confirm with your strategy before executing a trade!

Chathifriends Updated 

According to Elliot Wave Theory, EU has completed the 5 waves of uptrend and is now in a down trend. Short is reccomended. Please confirm with your strategy before entering a trade!

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According to Elliot Wave Theory, Dxy is currently in wave 2 on a bull run. Long on DXY is recommended. Please check with your strategy to confirm your trades!

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According to Ellion Wave theory, BTC has completed the ABCDE pattern and is now due for a reversal to the down side. To back this prediction, RSI has shown a divergence on the daily time frame. Please confirm with your strategy before entering a trade!

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No divergence seen on RSI H4. A continuation of trend down expected until it hits H4 resistance we can expect a reversal

Chathifriends Updated 

GBP USD has broke structure and now is in a pullback phase. Big pullback is expected to the weekly resistance level and reversal from there. RSI divergence can be seen above the 70 level. Safer trades can be made once price has broken trendline on lower time frames

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EU shows a divergence above 90 RSI. Expecting big moves for this pair. A potential reversal point should expected on the weekly support level. Please confirm your trades with your own analysis. Trade safe everyone!

Chathifriends Updated 

On my H4 perspective of USD CAD, it has broken structure and is now on a pullback phase. Divergence can be seen above RSI 70 level. I expect price will go down to weekly support level and reverse from there. Big moves incoming! Please check with your own strategy and analysis before executing a trade. Trade safe everyone!

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DXY broke structure and is now in a pullback phase. I am anticipating it to be going down to Weekly major resistance and reverse from there.

Chathifriends Updated 

GBP AUD has formed a bullish wedge. RSI divergence can be seen. Price has touched D1 resistance and bounced. I expect GA to pullback before continuation of down trend. Note: Please confirm with your strategy before trading. Trade safe!

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There has been reports that SNB (Swiss National Bank) will intervene due to an overvalued CHF. An overvalued currency impacts their export focused economy. The report states that SNB will be buying foreign currencies mainly USD to lower down CHF value. In this chart you will see that DXY has broke trend and pulled back and is bouncing off D1 support level. I...

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For today EJ price looks to be going north and will then fall once reached major resistance according to my strategy. A divergence on H2 can be seen on CCI. Please look into your own strategy before entering a trade. Wishing all of you a good trading week!

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CAD CHF have had a rough week. Dropping to major support level shown in the red line. Good news is that it seems to have bounced at this level. Median reversian channel is showing an oversold level. PA is showing a reversal as well. Remember to confirm with your strategy before entering a trade. Have a good weekend and happy trading!

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NZD CHF has a huge long potential where you can easily hold until the end of the week at least. We can see an RSI divergence on the daily chart and selling volume has waned off. Trendline has been broken and the pullback is completed. In my opinion a long here is still early. Please backtest and make sure it aligns with your strategy before opening up a position.

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Although a strong bias of shorts for this pair. I am going against the majority. I believe that this pair will rise as the Yen does not do well during wars. Additionally we can see a strong rejection wicks which is an indicator of a buy. Head and shoulder pattern has failed as well. Now we are in a consolidation phase and i believe will move towards a higher high....

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GBP JPY has followed the trendline rule so far and is expected to continue following this rule. Price has broken to the higher highs and has now travelled down to a higher low on H1 TF. According to price action rule, the price will move upwards to hit the higher highs. Take note that RSI has also hit below 25 oversold levels and divergence can be seen, sell...