RSI has broken the trend line before price. I think we'll have a uptrend now.
The main downtrend seems to continue its path .... which makes me think if the news are really important or not, to our trading decisions ... or should we consider it only noise to our strategies ?
USDCHF has reached monthly resistance level. It has also touched the dinamic resistance elevel (pink line). Will we see again a strong pull down as we saw on January?
Price has broken down the monthly support, and I think It will go down until 161 % of Fib. Extension Level
I've been trying this breakout strategy and it works well...until now :-)
Price is: 1. Almost breaking dinamic support line; 2. Almost breaking 50 EMA; 3. Almost closing below lower band of BB; 4. SAR is als bigger than price.
Possibly the moment to setting up short on USdCHF. Price has reached 61.8% of Fib retracement level. Recomendation: If price closes below 50 EMA, will the right moment to sell
Wait for eventually formation of the Inside Bar at the end of today, and then Enter short when the Price gets the bottom of that inside bar.
Prepare for Buying or Selling: Buy if the Price gets the top of Inside Bar Sell if the price gets the bottom of inside bar
When a Inside Bar is formed above of a support line, its a sign to Buy
Strategy: 1. Inside bar near resistance level 2. Parabolic SAR is favorable to the trend condition 3. Open sell position 4. SL above Resistance/Support level 5. TP near next Support level
Please do any comments: Strategy: 1. Inside bar near resistance level 2. Parabolic SAR generates the first point to downtrend 3. MACD fastMA cross down the slowestMA 3. Open sell position 4. SL above Resistance level 5. TP on the nearest support level Thank you
Without thinking on fundamental analisys, I drew a few tren lines, which leads me to the following conclusions: Zone A: Is more or less where we are. If the fundamental analisys leads for a stronger USD (more expected), we have: Zone B: in this zone we can verify many trend lines intersection, and I think the price is going right there. Zone C: Will be the...
Half an hour to see what happens. Is it time to enter long or short ? It will depend on rate decision ....