Double top on 1hr TF showing rejection against zone on chart. Could see a potential short term pullback on the pair to the downside. Gold continues it’s surge upwards towards $1500 and DXY support- “10-year US Treasury bond yield is losing more than 4% on a daily basis suggests that the DXY's correction is technical and is unlikely to gather momentum unless...
USDCHF - Intraday - We look to Sell at 0.9965 (stop at 1.0000)
A 5 wave bearish count has been completed at 0.9694. Intraday, and we are between bespoke support and resistance 0.9882-0.9965. The rally has posted an exhaustion count on the daily chart. We have a 50% Fibonacci pullback level of 0.9965 from 1.0237...
USDCHF - Intraday - We look to Buy at 0.9894 (stop at 0.9864)
A 5 wave bearish count has been completed at 0.9694. The AB=CD formation target is located at 1.0054. Intraday, and we are between bespoke support and resistance 0.9894-0.9997. The rally has posted an exhaustion count on the daily chart. Intraday signals are far from strong. Preferred trade is to buy...
Trend Transition/Break of structure
I will be entering a long position following the retest of any of
the two levels marked.
Anticipating a new higher high of new structure.
Also keep an eye on the formation of the bearish Bat.
Patterns are not guaranteed, so trade the now and secure the bag
Looking to go short US dollar versus Swiss Franc as the pair tap the descending trendline that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9825.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.9805.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
USDCHF - Intraday - We look to Sell at 0.9854 (stop at 0.9884)
Buying pressure from 0.9804 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. The rally is close to an exhaustion count on the intraday chart. Bespoke resistance is located at 0.9854. The AB=CD formation target is...