The Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents...
Enough has been said about this trade. Let's jump in now!!! ENTRY: 108.905 STOP LOSS: 109.308 TAKE PROFIT: 107.880 (Check my previous analysis/post on my profile)
Prices on the CHF/SGD broke out of a interim downtrend on the daily chart, and we can anticipate further upwards movement. Price could find support on the 1.3650 if it forms a correctional structure in the form of a bear flag pattern, and then continue higher. Proper risk management is key especially when trading exotic currencies since there are huge margin...
Long SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK
Short opportunity if price breaks the channel. Target at supports.
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FX:USDCHF is still on a downtrend so I'm placing a short as it has consolidated nicely since its drop Entry: 0.99653 Stop: 0.99792 Profit: 0.992 Any feedbacks are appreciated!
FX_IDC:USDCHF suddenly shot up and stopped my previous short. So far it indeed got rejected at a daily forming a nice reversal bearish candle. Same parameters as previous trade. Previous Trade Idea: Entry: 1.0967 SL: 1.105 TP: (tp1) 1.005 (tp2) 0.9999 (tp3) 0.991 Any feedbacks are appreciated!
FX_IDC:USDCHF looks like its having difficulties breaking through the 50MA so it looks lika a good short opportunity. Entry: 1.0089 SL: 1.0105 TP: (tp1)1.005 (tp2)0.99997 (tp3) 0.991 Any feedbacks are appreciated!
Posted the chart maybe a little too late Long entry: 1.00191 SL: 1.00103 TP: 1.005
Hy guys, are you prepare for this week?? What do you think about this screen???!!! Enjoy :)
1)Price failed to break and close above resistance zone @ 0.99040 + triple top formed @ 0.99500 zone 2) False Break and retest of descending price channel 3) Daily support broken @ 0.98402 zone 4) Previous Daily candle closed as an bearish engulfing 5) MA's spiralling to the downside adding confluence to bearish momentum 6) A break of the trend line will...
Weekly analyis of GBPCHF! Either way it is a short because, if it is wave B we can still catch the move down to complete C. If it is the start of Wave 3, then we are catching the strongest move in the 5 wave sequence. Please follow one of these to support the freebies! www.PipsUniversity.com www.Twitter.com www.Instagram.com
Hit points are showing very strong convergence. Trade a close outside the triangle.
The Swiss Franc has always been one of my favourite currencies to trade because it abides by support and resistance lines... except when the SNB intervenes.... ouch that one hurt. In any case, what you are seeing here are arrows point up from very strong resistance lines stretching back several months. The A arrow points up from the weakest support, the second...
I have posted a bearish trade on this same pair from a descending triangle (see link), the profit target of which is outlined here as the lower green line. If this wedge breaks out at 7 then the other trade will be closed out and I will have to hope for a win on this trade to make up for that loss. If the market hits the support line before the profit is met...
We can see a descending triangle here with at least 2 nice touch points on both lines. I am looking to follow either of the two paths drawn and to enter in the green area. Profit target is based on previous structure support - there is strong structure levels in the late December 2015/early 2016 area at around 0.6740. Any movement back above the horizontal...
USDCHF is testing dynamic barrier 1.0240 that was broken yesterday. Put sell 1.0240 SL 1.0290 (50 pts), take 1.0130 (110 pts, 23,6% Fibo level).