We can clearly see that FX:EURCHF is in the up-trend for 4 years.
Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback.
After a breakout price squeezed to fake out all early buyers.
Now we are in this triangle and, if we could get a push to up-side from this triangle then we...
- Major daily support level of 1.1530 holding up as we can see several candlestick rejections on the H1 timeframe
- Bullish divergence on the H1 using both stochastics or RSI which paint the same story of unsustainable price decline
- EUR/USD seems to be ranging just above this key level before it decides to break 1.1620 and aim higher
- 60 pips target with 35 pips stop
Trading from levels. Channel break at one point. Gives to understand that the price is purposeful will go up. The deal is an analyst for many years. Years that are seen by major players and levels of Love traders. to purchases and sales
Possible sketch for GTO recovery - lovely bull pendant forming, although this may fall lower should it look to recover to its previous rate with a further correction up then down to previous resistance. In this scenario, the fib should be discounted and redrawn to new levels (update will follow).
Considering the overall weakness of the sell pressures across the...
Looking into the technical analysis of BAT, The next 2 weeks would be a good time to buy at a low price.
BAT has a huge potential and is a great long term investment. It hasn't had much movement yet but this should change, once more news and updates are released. I will be keeping a close on BAT, currently $1000 would buy you roughly 5,230 shares.