I have marked the chart with potential Elliott wave on the 4 hour chart. We see a strong wave 3 up followed by what can be seen as a bullish flag on the D1 chart and some sort of a bear wedge on the 4 hour chart From what I Call THE SETUP ONE concept it is a wave 4 within tight boxes. I see a 4 hour bullish candle. I am long above this Long Entry: 0.9175...
Earlier this this month i drew this Pattern and have been waiting on the completion of it. The pattern is complete and the blue line represents the make or break point of the pattern. if a candle closes below the blue line the pattern is invalidated. i put a note stating I'm waiting on a complicated structure to form to justify the entry. we are now forming that...
Here on the Swissy we have a crab. The ABCD Back bone of the pattern has been blown so we shall see if the pattern is still valid. With crab patterns we see PA retrace to the 1.902 level and PA become volatile and reverse. we are entering a weekly support level so we shall see how PA reacts. Sorry for not going into it any deeper I am behind on some school work...
Using trend lines, a clear bullish trend has been identified with strong support and resistance levels also being identified. After a bullish week in USDCHF, prices have reached the resistance level. The last candle was bearish indicating possible bearish momentum coming into the markets. This could indicate a pullback to the support level.
In my previous analysis, I suggested that the selling opportunity at the trendline and area of resistance may have been to good to be true and we'd have a possible break out. Currently, the market has broken out of the trend and is about to retest the area, which is also the midline of the overextended W that formed. I will be looking for longs on this retest with...
As we discussed on Monday's FX market scan USDCHF looks like it's finished its correction and is making another run to the downside on the daily. See you on the next call in Market Mentor on Monday at 5 pm AEST Cheers Dale DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes...
Confluences: - Clear uptrend on the across the H1, H4 and D1 timeframe - Reversal at the 0.904 level - Looks to be heading towards the 38.2 retracement level
I have it cleanly laid out here. 1% Risk 2:1RR
This MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the...
I am close to making swissy my baby my one and only bit by bit I fall in love with her.
You know what the fuck it is SWISSY BUYS #SWISS #FRANC
USD/CHF is still in a downtrend, but this pair is definitely on my watchlist. When it goes up soon, we will get a nice profit from it, so be patient and please keep an eye for a confirmation.
The Swissy has respected the 23.6 fibonacci level coming from the monthly time frame. The price action suggest it can move down further. Also due the the covid lock down which has been activated in most parts of Europe,
So far exactly as forecasted 👍 Here are our forecasts in the longer-term view and the points of interest as shown on the chart. Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too Find us on social medias 😉 ➖➖➖➖➖➖➖➖➖➖➖➖➖
Structural rejection of the 61.8% fib combined with the ATL should give a nice impulse push to the fib extension shown. Overall it's been a slow week of volatility strangely.
+40 BP reaction from the yellow PRZ shown on the 5th.