can anyone explain that sharp drop in the swiss franc? $FXE $UUP $DXY
We are breaking under the sell zone in a descending channel.
In my previous analysis, i posted a possible bear flag trade. I have change my mind on this now since the movement of the past days is starting to look like a bullish wedge now. My trade did not even get active, even though it followed the blue line quite well, but i did not like that squeeze up earlier this week. Because the bigger picture suggest a drop is more...
The previous trade overreached it's target by a lot, so i am going to take another trade on this one. It's not a beautiful bear flag, but because of the extra profit i am going to take it on. Good risk reward as well. On the left we can see a possible long term scenario. If this play out, i will try and make trades during those waves, assuming the general...
Currently at important level. Hopefully price will start to move down before hitting SL. TP not fixed yet.
Looks like a good solid bearish wedge here, good Risk Reward here, worth the shot
Breakdown or weakness on retest of a clean break of Daily/H1 Demand, a very good short. Price should at that point not return back above level of Daily Demand. Good Luck from The TRADRZ Team. Original idea by Ribz
Low risk / High rewards, stop below 1 usd.
CHF/SGD is weak and we can expect it to continue it's bearish trend further below on the long term this next few weeks *as long as the 50 EMA holds as resistance on the daily timeframe. It may make some pullbacks up but it is nothing to worry about as long as it never finds support. The reasonw why I leave my SL higher than the 50 EMA just in case. This is a...
- Candle forms major structure, and works as future pivot. - The strength of such support area could be measured how high the price followed by the candle signal has reached - we take another candle signal (i.e. Bullish Engulfing or Big Green Candle) as point of entrance - Take profit :)
The price has rebounded just below the first 0.9964 support on the 1W chart and according to the monthly RSI = 47.462, STOCH= 45.454 and Highs/Lows = 0, should rise towards the first Resistance at 1.0591. Our target is 1.0469 where the SL will be moved in profit in order to chase after the Resistance extensions safely.
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.
USDCHF H3 chart You can see the area where you can trade above. The direction in which the blue line breaks accelerates the price movements in that direction. The formation shows you will fall down. You can see that formation on the daily chart at below. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes...
On CHF/USD H1 we have an Uptrend Line giving support to the prices, the same one realized one bullish wave with support in 50 % of Fibonacci, after that, we traced one expansion with a target in 100% of this wave. LONG ENTRY PRICE: 1.0554 TARGET: 1.0622 STOP: 1.0474
Short CHFUSD @ 1.0732; TP @ 1.0517, SL your choice