USDCHF chart analysis December 4th

Hello.

It’s BitcoinGuide.

This is today’s second analysis.

If my strategy is helpful, please “Follow” me and press “Likes”.

Let me begin USDCHF chart analysis for December 4th






This shows XAUUSD Gold 30M chart for yesterday.

I have uploaded my analysis late due to urgent matters.
Hope you could understand.

As for the result, the price went above parallel resistance line strongly. And it rose strongly along with route A.

We could not have a chance to enter as it directly went up without any entry point.
The price went up about $13.49 from the entry point.






This shows USDCHF 4H chart.

There’s “blue cloud” above the price and we have MACD Golden Cross waiting.

It seems a bit of a burden to perfectly break through “blue cloud”.
So I brought a short position strategy after a short rise.

The place where we had a rebound is supported by 4H chart and daily chart supporting line. So the rebound can be sustained for a while.






This is 30M chart for USDCHF.

It is short position strategy.

This has very similar movement with that of Bitcoin.

To briefly summarize,

1. Please refer to route A and B with its short position entry timing and price.

2. In case of route A, please check whether it goes below the orange trend line where the first rebound comes out. If it does, it is very likely to change into route B.

3. If it moves along with route A, check whether the price goes above the final upper resistance line(0.99224) with an additional candle. If it does, close for the day.

4. If the price follows route B, please confirm whether the price touches 1H chart Bollinger band’s resistance line. If there is no touch, please enter short position.

This is it for today.

Please refer to EURUSD and GBPUSD which tend to have opposite direction to USDCHF.

I will come back to you tomorrow.

Fighting.



Translation help
Jae Ho Shin