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USDCHF posted a green weekly Heiken Ashi candle. This suggests to me that it may post another next week. A green daily Heiken Ashi candle was posted after a red candle on the daily time frame. This is the second signal I require to make an entry.
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11600 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11600 support and resistance zone. Trade safe, Joe.
The price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down. I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the...
The Swiss franc may use it's value in next days. There is strong pressure in market for the currency. Mostly because of technical reasons. Rising pairs like CADCHF are much more probable here. Just be a little more cautious about CADCHF! Cad is highly co-related to the oil!
I see some divergence on the daily and I want to see if it carries into the 4 hour. We just broke a low and I still believe in AUD and NZD strength. Just want to see if price can retrace the previous highs. The homerun would be price reaching the top white dot but the odds could be slim. Will update when I can.
Good morning traders, As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the...
8th August 2023 DXY: break above 102.40 to trade higher toward 102.80 resistance NZDUSD: Sell 0.6050 SL 20 TP 60 AUDUSD: Sell 0.6510 SL 25 TP 45 USDJPY: Buy 143.20 SL 30 TP 60 GBPUSD: Sell 1.27 SL 25 TP 90 EURUSD: Sell 1.0960 SL 20 TP 40 USDCHF: Wait, look for reaction along 0.88 USDCAD: Sell 1.3360 SL 30 TP 60 Gold: break 1930, below 1929, could see 1924
Lat week we saw USD/CHF pull back from the 0.8800 area, after its rally stalled around 0.8800, the 50-day EMA and failed to rest the May low. Prices have drifted higher during Monday's Asian session, but seemingly hesitant to break above the 2021 low. The bias remains bearish beneath last week's high and for a move to 0.8600. Who knows, if US CPI comes in soft...
NZD/CHF is making a pullback after the retest of the broken key level of 0.535 and as the pair is in the downtrend I think that we will see a further move down next week.
USD/CHF will soon retest a key resistance level of 0.886. So I think that the pair will make a pullback and go down to retest the demand level below at 0.872.
EUR/CHF is trading in a downtrend below a falling resistance so I think that after the retest we will see a move down.
Hello, Traders! Presently, we're seeing a strong bearish tide in the overall market. Particularly noteworthy is the 'Falling Three Methods' pattern completion we've spotted on the 4-hour timeframe. This is a significant bearish signal, pointing to continued downward momentum. We're also anticipating impactful GBP news in the next few hours. It's critical that...
Hello Traders, Exciting potential awaits on the CADCHF pair! Currently, we've spotted a bearish flag pattern forming on the 4h timeframe. A break from this formation will serve as a strong confirmation of continuing bearish momentum. Another key element to watch out for is the inside bar. A shift past its limit into a new low will underline the dominant bearish...
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.12250 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.12250 support and resistance area. Trade safe, Joe.
This setup a little more on the risky side. Previous high and previous low was broken and there may be some divergence on the 1 hour dating back to 8/1.
NOTE: buying opportunities are much more less secure. We're keeping the pair under observe to sell around 0.96500 and the much more less secure setup is observing to buy around 95.250. volume profile is additional confirmation.
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11150 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.11150 support and resistance zone. Trade safe, Joe.