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USDCHF come to the 61.8 fib level and H4 Ob
To daily OB and back down to breakerhttps://www.tradingview.com/x/tlq7YGV5/
Time frame: (4 hours and 1 hours)
Date & Time: 22 Aug 2018, 16:15 GMT+9
Starting Balance: 3157.96
Graph Showing entry and exit points
Fundamentally USD is a bit weak because of Trump comment but the effect already seen on the market.
On 22 Aug, ...
Yesterday's report highlighted an underlying positive tone but an absence of buy signals. That proved correct as trading in USDCHF was muted Tuesday. An early decline found fresh demand near Thursday’s Marabuzo line and the 13 day mvg avg. That bounce did not translate into significant upside but it is the weakness of selling interest that ensures our technical ...
Contrary to yesterday's call, 2 days of indecisive price action was followed by a renewal of investor buying interest. The most positive prices for 8 week were posted as the resulting demand took the currency pair towards a test of a 50% correction of the Dec-Feb decline. Overbought extremes are an increasing concern but despite a decline in Asia this morning’s ...
this charts are pretty self explanatory: price has recently broke and closed above a previous level of structure and that changes our bias from short (the trend was bearish) to long. And that's why i'm looking to long this pair, with stops below the lows and targets as shown above.
If you want to ask questions or share ideas, feel free to comment ...
Potential double top or a reversal back to the trendline, if it breaks 38.2 fib level could show stronger signs of this reversal to the upside happening. Indicators are good for a nice upside climb.
Usdchf - Daily time frame - Longs in play on dollar strength and bullish structure on usdchf daily time frame
3 rejection form the resistance level - looking for a clean break through the level and price to create space. wil be blind on the bid
i'm trying to be the more short i can since this is happening right now. Double bottom with break of structure down on lower timeframes in a nice structure level. Stops below the lows, targets as shown. If you're aggressive you can swith target1 to target2 and let it run.
If you have questions or ideas, share below.
Otherwise, see you in the next chart!
this is the hourly chart on USDCHF. I'm interested in buying this cross and i'll briefly explain why: first of all, price is testing a key structure level that proved to be strong in the recent past. Then at this level also happens to be the completion point of an AB=CD pattern.
In the 4H timeframe RSI is in oversold condition (additional clue).
Here you ...
Entered Long on USDCHF @ 27-Feb-2017.
Price bounced back of 0.985 area/ 200 EMA / 61,8 % Fib
I am long after confirmed break out of 1.015 with target at 1.0345
Weekly bullish engulfing
Weekly 61% fib rejection
Weekly Daily TL break
Higher Highs , Higher Lows
Break retest of 1.00000
50ema acting as support at the 50% fib
0.985 - important strong support level
Bearish scenario: daily close below 0.985 will open the way to 0.97 (200 EMA on Weekly time frame, long term uptrend line).
Bullish: reversal around 0.985-0.99 and close above 0.995 - profit targets at 1.004, 1.0155 and 1.0345
Situation similar and correlated to DXY.
Got a new long at support on USDCHF,
maybe some profit taking into the end of the week and we have data out tomorrow,
1.014 is the first target and I'll look to see if I can get anymore out of it there.
Last week USD/CHF came with 1 pip of parity and has sold off steadily since. It seems inevitable that we're headed higher on this pair so the timing of the entry is key.
Having just pushed through support and with signs of the RSI turning north a LONG here with a STOP below .98 may pay dividends.
LONG USD/CHF from .9814 STOP .9795 for a 19 pip risk.