Long opportunity right here. Ascending triangle. Recovery of EUR from over pushed CHF strength.
EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support...
Hi traders, I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest,...
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From the previous two trading session, the Swiss Franc 0.39% descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss. When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc...
Our preference: sales position below 1.1045 with targets at 1,1015 & 1,0990 in extension. Alternative scenario: in excess of 1,1045, aim for a continuation of the rise with 1,1060 & 1,1075 in line of sight. Comment: the slip under the 1,1045 constitutes a negative signal which opened the way to 1,1015.
Volume indicates weakness in bullish trend. Enter upon 38.2% retracement.