First target is hit (Thanks Swiss National Bank). We will move stops up to just under our entry. The trade is at no risk and now we will sit on our hands and see how far she can go, As we mentioned this is a weekly setup so we expect a good size move. However, what we saw from the Swiss last night can be a game changer. USE STOPS AND DON'T BE A HERO. You...
Bearish MACD Divergence. Expecting DXY to weaken hence USD/CHF should fall to at least daily trendline around 0.96.
Remember the Swiss National bank is committed to defending the currency at 1.20 with "determination". It may possible they are actively intervening at this point. 1.20 is the floor so buying now offer a great risk/reward opportunity. Unlikely to come again for a while. On the technical side, each lower platau of the 20 day MA is met with a higher and price...
Gold (01.12.2014) reverse from $1207 mark which we mention as first resistance for bulls. However fall from mention level should taken as correction or profit booking but swiss gold referendum added more fuel & created panic selling. Now gold is trading around $1275 & we have witness a sharp bounce from recent low $1142 made just after a NO answer from swiss gold...
A buy and forget pair with good risk reward ratio... :) Presents should arrive by Christmas..
US Dollar vs Swiss Franc rises again to the level marked by 2008 bottom. Will it be the terminal top? It seems we see the final dollar bull market just before the turning point..
This setup is using Bollinger Bands but since they cannot be drawn in the chart this approach is simple, better to see and understand. Stop price is open of previous candle. Entry price is at start of new candle. Limit price is set to be a 1:1 risk reward ratio.
USDCHF near term bearishness As indicated by the price action reversal candles on the daily bouncing off resistance areas and the over all possible correction of the USD index after having a very strong bullish run...
Price on AUDCHF has been in a tight range since July 4, which I'm interpreting as an accumulation pattern -- i.e. buyers stepping in and quietly building their position. Just below this accumulation zone, which happens to coincide with a 50% Fibonacci retracement from the recent swing low to swing high, are the 50 SMA and 200 EMA. As such, I think there are enough...
1. moving averages are 20,50,100,200 and the 200 period MA is above all, 100, is above all except 200. 50 period MA is higher than 20 period Moving Average. Along with Lower Lows and Lower Highs in a downtrend this says the pair -EUR/CHF has been in a down trend. 2. Stochastics are oversold and losing momentum. IF you like my stuff please follow, like, share it,...
Bearish Gartley showing up. Price action made a double top around the 1.27 fib extension from the A to B leg. Looking to take target 1 @ $1.468 .382% fib level and target 2 @ $1.440 .618% fib level
Is it unpatriotic to short your country's currency? Not if you are betting on Big Mac Prices to rise in CH Switzerland. Swiss to vote on #minimumwage to be raised to $25 an hour. online.wsj.com That should move Switzerland back to the top of the Big-Mac-Index www.economist.com Which means higher SwissFrancs and lower USD. LOL Trading currency actually protects...