Price is beginning to form a possible double top. If that's the case, I will monitor the price to see what it does once it comes out of the consolidation that is currently happening at the 76.4% Fib level. My 1st signal was triggered with a close below the 50 MA. If it continues in a down trend, I will open a short position taking 1/2 profit at the 61.8% Fib level...
USD/CHF: The Pair is moving inside triangle and we are waiting for the break of one of it’s sides , incase ut breaks the upper side it will go up and incase it breaks the downside it will go down , and the targets in both cases are shown on the diagram.
Now the USDCHF is on a resistence level, RSI has a divergence and MACD too, maybe the price is ready to have a correction the next days, but it would raise more and need another kind of confirmation
USDCHF for Short. The reasoning behind this is because the MACD shows significant data that buyers/investors are pulling their investments out potential making the market fall but could eventually pick back up again. MA is for a 20-day period which shows that the price is way high compared to past 20 days. Therefore my prediction for short.
USDCHF, like many of the USD pairs has exploded up to 1.382 extensions and so I am looking ahead to my final target of longing the USDCHF up to 0.98600. Trade #1: I will wait for price to retrace back down to 0.97125 before looking to go long for 50 pips. Trade #2: Once price hits 0.97650 I will be looking for reasons to short back down to 0.96860 for 80...
hay ciertas cosas que me hacen pensar que llegara hasta el maximo en los 1.00 : divergencia alcista RSI, en MACD igual, doble patron ABC alcista y ademas el precio se encuentra en una zona a de alta probabilidad de giro, y el indicador Better Volume indica una gran cantidad de posiciones alcistas por lo menos, seria de dar seguimiento .......
USDCHF bounce off a resistance and just getting in on the price stalling, stalling right at previous highs/lows
SUMMARY: The USDCHF pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are...
I hope in post itself I explained everything about the breakout trade setup in USDCHF, if any explanation needed , feel free to leave a comment. Happy Trading !
salam
USDCHF WAITING FOR RETEST FIBO LEVEL AND SELL THE MARKET
We might see prices drop down to 0.96859 level support level and and if the test fails it will drop to the next support at 0.95453, I have already collected 170 pips of the signal.
Hi guys We just broke the trend line. We are going to wait for a pull back on the fibonacci and after short it. Low risk with high probability. Hope this chart will help you Good luck
$USD is long and probably one can hold for few years if the dark green line doesn't breach. And sell when the historical red resistance line hits.
IT WILL BE PAINFUL TO TRADE GOLD/USD PAIR UNLESS YOU KNOW TOOLS TO DEPLOY OPTIONS. I am bear on this relationship and probably forming channel trade, but don't count on it too much. Also from cycle perspective Bull Market from 1999 TILL 2011 is OVER. So better to bet on the short side at least for next few years.
We have an on going wedge for the past year, I had earlier forecast a downfall in this pair which didn't happen. The downfall is still a possibility, if we break the yellow trend line, am expecting a drop to the bottom of the wedge. We can also head to "No man's land" in which we can hit the top of the wedge and come back down again, or break it and head up, if we...
Potential short position due to candlestick analysis as RSI and ADX don't indicate anything (p.s I have stopped using the Ichimoku indicator as I was experience in inaccurate analysis gaining false signals)