[b]USDCHF – USD pair is showing positivity over market[/b]
USDCHF – USD pair is showing positivity over market-
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.00704
R3: 1.00280
R2: 1.00094
R1: 0.99750
S1: 0.99491
S2: 0.99040
Price action:
In this case, when buyers will break first resistance, it is important to follow steps as correction and momentum flow before buy is confirmed. We are positive for buy in this case, but after our strategy will prove timing and risk management.
Potencial trade idea:
Bulls targets:
T1 = 1.00094
T2 = 1.00280
T3 = 1.00704
Bears targets:
T1 = 0.99040
NOTE – We are trading USDCHF via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.00704
R3: 1.00280
R2: 1.00094
R1: 0.99750
S1: 0.99491
S2: 0.99040
Price action:
In this case, when buyers will break first resistance, it is important to follow steps as correction and momentum flow before buy is confirmed. We are positive for buy in this case, but after our strategy will prove timing and risk management.
Potencial trade idea:
Bulls targets:
T1 = 1.00094
T2 = 1.00280
T3 = 1.00704
Bears targets:
T1 = 0.99040
NOTE – We are trading USDCHF via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
Comment:
this trade might stay in the same area all day, because momentum from both currenies is low
Trade closed: target reached
Comment:
Target was reached in short position. But as we mentioned in disclamer, we don't trade news