USD/CHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.91195
Why we like it:
There is a pullback support level
Stop Loss: 0.90712
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 0.91960
Why we like it:
There is...
Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision...
CHFJPY is falling towards a multi-swing-low pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 164.096 which is a pullback support.
Stop loss is at 163.400 which is a level that aligns under the 78.6% Fibonacci projection level.
Take profit is at 165.457 which is a recent swing-high resistance.
High Risk Investment...
EURCHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.95537 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 0.95788 which is an overlap resistance level that sits above the 61.8% Fibonacci retracement level.
Take profit is at...
CHFJPY could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 164.259 which is a pullback support that aligns with the 78.6% Fibonacci projection level.
Stop loss is at 163.800 which is a support level that aligns under a confluence of Fibonacci levels i.e. the -27.2% expansion and the 100.0% projection...
AUDCHF is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.57939 which is a swing-high resistance.
Stop loss is at 0.58200 which is a level that sits above a confluence of Fibonacci levels i.e. the 78.6% retracement and the 100.0% projection levels.
Take profit is at 0.57412 which is a...
USDCHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.89357
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 0.88929
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci...
Weakness is evident in the current wave and it does not have a high potential to cross this resistance zone.
The possibility of returning from this area is high.
USDCHF is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.89031
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.88688
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci...
USDCHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.88087 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.87440 which is a pullback support that aligns under the 78.6% Fibonacci projection level.
Take profit is between 0.88657 and...
USDCHF is rising towards the sell entry at 0.88285 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from this level to drop lower.
Stop loss is at 0.88648 which is an overlap resistance level.
Take profit is at 0.87589 which is a pullback support level.
High Risk Investment Warning
Trading...
CHFJPY is falling towards the buy entry at 165.402 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here to bounce higher.
Stop loss is at 163.980 which is an overlap support that sits under the 50.0% Fibonacci retracement level.
Take profit is between 166.30 and 166.70 which is an over...
Pair is trading over a strong demand zone. It is worth to open a small long position and add at every drop. It could more days to take off. GBP is getting stringer across the board. Wide stop loss, forex is very volatile, the stops loss triggers when a daily candle closes and break down the demand zone.
As I mentioned before Canadian dollar is gaining strength. It was punished enough by the market and now is coming back. I have a large long position here I think is going to break out. The inverted HS (not confirmed yet) on the weekly timeframe looks promising.
Mega bearish on EUR at the moment and I think we'll continue to see EURCHF slide.
Here's my ideas, plan A and plan B both resolve at a TP of 0.967 but I think we'll break through the demand zone and head down to 0.957, which is a 1:6 trade.
Last week the Euro was the worst performing G10 currency in my analysis, we can see USD strengthening (which indicates risk...
