SNB is currently under pressure with the current attack of the 1.20 floor on EUR/CHF. Not maintaining this floor would represent a serious credibility risk for the Swiss central bank. According to recent comments from Danthine and Jordan they will do everything to maintain the floor even using "unconventional measures" (like negative interest rate or ultimately...
English :
Channel up break down, but price still stuck in classic support and resistance area. Take long position with target 1.5500 need very tight stop level, because if new low perform, will open new path to support zone as bearish target this week.
Indonesian :
Channel up break down, namun harga masih tertahan pada classic support and resistance. Mengambil...
EURGBP approaches structure res. @798 for bearish bat completion. Another bearish bat awaiting @803 highs which overlaps with equal leg ABCD completion
GBPCHF after hit sell target was talk about it
I'm bullish now target now 1.5315 above will be 1.5420.
break this level open taregt to 1.5525 and 1.5600
support now 1.5140 below 1.5050 and 1.4990.
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Here we have a Bear Bat with very nice risk-reward. But even if it triggers the SL on this trade, one could only switch to new levels for targets and SL to play the bigger Bear Cypher. Each trade is valid an there is no reason to pass on the second one if thats defined by a strategy. I know the Bat came just shy of 50% with the AB leg but within 1% its still ok...
This trade doesn't contain any Harmonic influence, as it is simply a retest of former support.
The breakdown of the GBPCHF is clearly portrayed on the Daily chart, which has shown recent violations of two trendlines and a 2-3 week support. The current retest of this support-turned-resistance level is further displayed on the 1 Hour chart. With a clearer look into...
This pair has been making lower highs for a bit but the overall trend is very bullish, therefore we are looking to buy around our golden mean area if price stalls and gives us a pattern to trade to the long side.
Coming off an impressive long from last weeks bullish bat pattern, the pair has now come back to retest previous structure highs. Although i wouldn't consider this to be the optimal structure level, the risk reward that is available on this trade makes it worth the take. A single ATR stop above the highs provides me with a less than 20pip risk (if i'm wrong, I...
Bullish Bat Pattern on the 4h GBPCHF. The 886 is being hit at some decent support as well. There is a small showing of 'hidden' bullish momentum divergence (I'd like to see more of a discrepancy but not a deal breaker to see this as a good trade opportunity.) Looking for a retest of the 'B' Point.
I'm a little late on getting this idea posted, but we had an abundance of advanced pattern trading opportunities setting up as my live trading session came to a close. Some have since rallied and some have been stopped out. This particular one is still at market and for those who like to take more of a conservative approach, may be putting in a retest of structure...
GBPCHF Beaish below 1.5300.I looking to sell if price able to break 1.5300 .
first target 1.5200 below target 1.5060 break this level eyes on 1.4830 .
break 1.5410 target will be 1.5465 and 1.5565 and eyes on 1.5665.
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We have been in a strong uptrend for a while now however I believe we have entered a zone of weakness to momentum. We had an old supply zone at 1.53432 which we capitalised on and the next one is at 1.5545 area which has halted our strong upward movement. We are currently slowing at a double top and so I believe we should see a retracement. I've set TP just above...
