Hey guys,
this analysis may come too late but i want to share it anyway for i think it could be educational. On this pair price has recently created lower low, both on the 4HR chart and in the daily. Being the case, i'm expecting a bearish continuation. After a big impulse leg as in this chart we usually see brief form of consolidation like flags and...
Moving its big belly over the EMA10 as the last trend line, it signals a long position to me. A lot of politics is going on currently. That's why USD needs to be traded carefully these days. Go in this one with a minor position.
Usdchf has broken its support level at 1.0223 level. Now this pair is stating below the support level. Expecting retest from previous support level and fall again as shown in the chart.
Hi all! Although the flag formation have broken the support level, we have to notice that it didn't broke an important support level tested many times in the past.
The close of the actual candle below 1.01820 will be my short signal.
USDCHF is trending sideway for a moment now after a huge uptrend. We have a flag formation here. Maybe it's a just a moment of consolidation for the trend to continue or the beginning of a reversal. I'll be waiting for a breakout to decide where to go.
Very good time to enter. WAIT FOR THE BREAK, past 6 years market has not closed above 1.0350.
Stop loss- 1.0350
First Target- 1.0165
Second Target- 1.0063
Third Target- 0.9943
GOOD LUCK
We are looking for this pair to go up to weekly resistance area of 1.08xxx area. USD value continues to grow.. 200 EMA on 4hr and daily is in an uptrend ..
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
TRIPLE FLAG FORMED AND AS WE CAN SEE IN THE PAST IT ALWAYS WENT UP AND UP AFTER FORMING THIS KIND OF FLAG!
SO I AM WAITING TO MAKE THE SAME MOVEMENT AGAIN AND WAITING FOR A TP @ 1.03500
