I would like to quote a wise (and profitable) trader at this point:
"Trading is a simple game. What makes it so complicated is the presence of the SNB."
Put simply:
I'm buying the CAD against CHF for a long-term swing trade.
The reasons for this are short and sweet:
- As predicted back in February, Swiss inflation fell below 2% in July.
- As predicted,...
H4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Market has been falling and showed rejection at 0.6490 support area. Also, stocastic RSI is oversold and should attract buying pressure. Looking for buying opportunities and take profit at 0.6600 resistance level.
Hello traders, I hope everyone has a nice and profitable week. We are testing support-demand zone and also in the bullish flag pattern. We just did double bottom and waiting for upside push soon. Please support this idea with like If you find it useful.
The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision...
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Signposts on chart outline key details. We're seeing an upper resistance invalidate. When price crossed back below, selling pressure remained weak. This will hopefully trap a bunch of sellers before pushing higher.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry,...
