Followed the plan almost perfectly, but the big boys have been testing our patience though. Pushed it down a bit longer than i thought they would, but maybe that is even a good thing. Assuming my theory was correct, to dump it for a stop hunt, past week taking their time to load up longs. Because of that, assuming they might have needed that time because their...
EURCHF might provide a nice short/mid term trade here. Moved a bit up today but at the moment already failing. Been watching it for a few weeks now, think we might be closing in on a nice setup. Assumption is, one more stop hunt as i am showing here on the right. To prevent guessing, i am going to wait for that yellow circle. So want to see a break of the low, see...
After the mess happened beginn January 2015 when the cap of 80cts was removed and CHF was rapidly pumped the CHFEUR pair entered in a corrective phase. Bottom of the correction was the ancient cap fixed by the swiss central bank. Since there CHF resumed the longterm rising trend. 2 years after the january pump, the price stagnated between 90cts and 94cts per...
Daily candle looks very strong, could be a reversal on the short term. If we see a nice flag being formed on the right coming hours or so, it is very likely to see another similar wave up. If the flag holds, it's like 70/80% chance it will play out. Previous analysis:
If you saw my previous analysis of this pair, I went short on this from the recent rejection of weekly resistance (purple). Price has now come to support (purple) and has tested this 4hr area (yellow). Waiting on price to drive lower towards weekly support so I can go long but the setup at the moment is bearish. short term bias of trade is bearish but long term...
On the chf/eur daily, I see a LOT of bearish movement due to rising wedge occurring at resistance zone, strong resistance zone, descending trendline and broken ascending trendline and a triple top. These are indications that market will drop lower but major news is coming out in couple days so I will look thoroughly at this chart for when that occurs.
On the weekly chart, I see price heading towards resistance zone and it's retested it three times creating this triple top. Diving into the 4hr/1hr chart, I also see price creating a rising wedge which is confirmation with the triple top that was created.
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
So far it has been moving as suspected, getting closer to my entry zone. Many of my followers have been asking me why i did not go long on this expected move up. Well that is quite easy to answer: In this case i am HOPING it moves up, so it can retest the neckline of that H&S again and forming this possible bearish wedge. Purely because i am hoping, i won't...
With a big H&S at the high with the target still not reached, i think we can see some upwards movement on the short term to retest that neckline again before making another big drop. So patiently waiting for that neckline (red zone) to get tested again, if that happens it will have formed a wedge. Not just enter the trade when it hits that zone, first wait...
It seems like we are waiting for some big news. CHF is now in a reversal zone against EUR, but the right news at the right time will push CHF very high. BIO
Currently the market is accumulating longs while waiting for ECB to hike. SNB should follow up with a hike and this thing should shoot up. Caution: Your broker might increase the margin requirements.
Spotted a flag reversal pattern that has occurred. Price should hopefully drop below the structure of the pattern.
hey guys, The pair is forming a trend continuation pattern to the upside & on the smaller time frame as well.This trade has a huge potential & we can make a lot of money by using simple strategy that we normally use we will just protect our profits in this by moving our stops timely throughout the week.I would not be uploading when and how to move the stops. Both...