As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.011. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.007. TP4: S2=1.0045. Set the stoploss of these orders at breakout of R2=1.013. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Looks like a good solid bearish wedge here, good Risk Reward here, worth the shot
The $h chart view for Gold is suggesting that bulls might still remain in control, even though prices dropped as low as $1200 levels yesterday. Please note that the yellow metal is finding support around fibonacci 0.618 of the rally between $1182.00 through $1245.00 levels respectively. Furthermore, the counter trend support trend line is also seen to be passing...
The Dow Jones reversed sharply yesterday and was almost 600 points lower at close (25389 levels. This drop did not come as a surprise to us and was anticipated last Thursday. 08 November, when prices reversed from sub 26300 levels, followed by an evening star reversal pattern on Friday. Looking and the wave structure, we maintain our bearish outlook as last week...
The daily chart view for US Dollar Index has been presented here with alternate wave counts since 88.30 through 97.70 levels respectively. It could be possible that 3rd of 3rd wave was an extension and that brings us to a possible wave (3) termination at 97.00 levels. Wave (4) potential termination point was 93.80 followed by wave (5), which probably ended into an...
The EURUSD pair dropped below 1.1300 levels yesterday and print fresh lows around 1.1216 levels before recovering. The currency pair is seen to be trading around 1.1240 levels at this point in writing and needs to break above 1.1500 from here to regain the bullish momentum. Looking into the daily chart wave structure, we have considered an extended 3rd of 3rd wave...
NZDUSD bounced nicely off its support at 0.6695 (100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6695 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support 6% where a corresponding rise could occur.
CADJPY bounced nicely off its support at 0.7159 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 86.13 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is bounced off its support at 2.3% where a corresponding...
EURCAD is approaching its support at 1.4849 (100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price could potentially bounce up to its resistance at 1.4920 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY GBP/CHF Short Sell continue... Chart Time frame - 4 Hourly Timeframe - 1-2 weeks Actions on - A – Activating Event Entered short position on the 8th Nov. Below you will see trade management details B – Beliefs Continuing on with trade however moving stop loss closer FX:GBPCHF Trade Management Entered @ 1.3154...
AUDCHF is approaching our first support at 0.7217 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7315 (horizontal overlap resistance, 61.8%, 76.4%, 50% Fibonacci retracement). Stochastics (34,5,3) is approaching support where we...
AUDCHF Bearish Continuation in Sight Details are on the chart. Awaiting rejection of the retested rejection zone. Happy Trading!
WELCOME TO DACAPITAL TRADING!! FREE VIP SWING SETUP 1 HOUR Bearish 61.8% Retrace from previous X-A Wave and pullback 4 HOUR 4 Bearish H4 Candles in a row taking out buyers before heading back up DAILY Daily bearish reaction after a strong move and Key level retest at 0.76000! LEVELS BUY CADCHF @ 0.76250 SL @ 0.76120 (12 Pips) TP @ 0.76450 (20 Pips)...
WELCOME TO DACAPITAL TRADING!! FREE VIP SWING SETUP 1 HOUR Strong bearish reaction from our bearish price channel entering long! 4 HOUR Bearish pin candle, taking out buyers before pushing higher DAILY Bearish movement yesterday taking out 112.850 LEVELS BUY CHFJPY @ 112.980 SL @ 112.620 (35 Pips) TP @ 113.590 (60 Pips) RR: 1.70, SWING Setup! Enjoy...
Higher Timeframe analysis suggests major resistance at these levels. Will monitor price action early in the week and update idea. View below for HTF analysis Follow for Daily FX and crypto ideas 350 pip potential target Original idea by Ribz
Good afternon, After a while, I bring this CHF analyisis: This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame). I expect one of this 2 scenarios: . Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish...
A bearish signal on EUR-CHF with the target in the area 1.1215/1.1220 and the stop loss at 1.1480/1.1485.
had a stop run and also retest of the block. trill the stoploss all the way down.