HI THERE GUYS,
PLEASE SEE ATTACHED MY CHART ANALYSIS FOR EUR/CHF WHICH I HAVE ADDED TO MY WATCH LIST TO KEEP A CLOSE EYE ON OVER THE NEXT FEW DAYS.
AS SEEN ON THE CHART WE HAVE HAD 3 TOUCHES ON THE TREND LINE WHICH DATES BACK TO LATE APRIL AND WE ALSO HAVE 3 TOUCHES ACROSS THE BOTTOM SHOWING SUPPORT AROUND THE 1.09310.
WE HAVE A FEW PLAYS WITH THIS:
- WE COULD WAIT FOR A POSSIBLE PUSH UP TOWARDS THE TREND LINE AND WAIT FOR A TOUCH AND CONFIRMATION OF A REVERSAL TO THE DOWNSIDE.
- WE ALSO HAVE AS MARKED OUT A DESCENDING TRIANGLE SO WE CAN MONITOR THIS AND WAIT FOR THE POTENTIAL PUSH THROUGH SUPPORT TO THE DOWNSIDE POTENTITALLY TOWARDS THE 1.09000 REGION.
- WE COULD ALSO WAIT AND SEE IF THE ABOVE TREND LINE GETS BROKEN WHICH COULD POTENTIALLY HAPPEN FOR A PUSH UPWARDS.
HOPE THIS HELPS ANYONE WHO READS AND GIVES YOU AN INSIGHT IN TO SOME POTENTIAL TRADES FOR THE FUTURE TO KEEP AN EYE ON. WITH THESE PATIENCES IS KEY WAIT FOR THE MARKET TO MOVE TO A KEY LEVEL/ZONE ( TREND LINE OR SUPPORT ) AND WAIT FOR CONFIRMATION OF A BREAKOUT OR REVERSAL AT THESE LEVELS AND TRADE ACCORDINGLY.
I WILL UPDATE MY ANALYSIS AS THE MARKET MOVES.
PLEASE SEE ATTACHED MY CHART ANALYSIS FOR EUR/CHF WHICH I HAVE ADDED TO MY WATCH LIST TO KEEP A CLOSE EYE ON OVER THE NEXT FEW DAYS.
AS SEEN ON THE CHART WE HAVE HAD 3 TOUCHES ON THE TREND LINE WHICH DATES BACK TO LATE APRIL AND WE ALSO HAVE 3 TOUCHES ACROSS THE BOTTOM SHOWING SUPPORT AROUND THE 1.09310.
WE HAVE A FEW PLAYS WITH THIS:
- WE COULD WAIT FOR A POSSIBLE PUSH UP TOWARDS THE TREND LINE AND WAIT FOR A TOUCH AND CONFIRMATION OF A REVERSAL TO THE DOWNSIDE.
- WE ALSO HAVE AS MARKED OUT A DESCENDING TRIANGLE SO WE CAN MONITOR THIS AND WAIT FOR THE POTENTIAL PUSH THROUGH SUPPORT TO THE DOWNSIDE POTENTITALLY TOWARDS THE 1.09000 REGION.
- WE COULD ALSO WAIT AND SEE IF THE ABOVE TREND LINE GETS BROKEN WHICH COULD POTENTIALLY HAPPEN FOR A PUSH UPWARDS.
HOPE THIS HELPS ANYONE WHO READS AND GIVES YOU AN INSIGHT IN TO SOME POTENTIAL TRADES FOR THE FUTURE TO KEEP AN EYE ON. WITH THESE PATIENCES IS KEY WAIT FOR THE MARKET TO MOVE TO A KEY LEVEL/ZONE ( TREND LINE OR SUPPORT ) AND WAIT FOR CONFIRMATION OF A BREAKOUT OR REVERSAL AT THESE LEVELS AND TRADE ACCORDINGLY.
I WILL UPDATE MY ANALYSIS AS THE MARKET MOVES.
Comment:
PRICE HAS PULLED BACK TOWARDS SUPPORT LOOK FOR POTENTIAL BREAKOUTS OR A BOUNCE AND REVERSAL BACK TO THE TOP OF THE ASCENDING TRIANGLE.