Buy above 0.9606. Stop loss at 0.9591. Take profit at 0.9569. Reason for the trading strategy (technically): Price dropped absolutely perfectly from our selling area last week and is fast approaching our profit target. We prepare to buy above major support at 0.9606 (Multiple Fibonacci extensions, horizontal swing low support) for a push up to at least 0.9659...
Sell below 0.9687. Stop loss at 0.9741. Take profit at 0.9602. Reason for the trading strategy (technically): Price shot up yesterday and is now testing major resistance. We prepare to sell below major resistance at 0.9687 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.9602 support (Fibonacci extension,...
Buying once we break the yellow trendline and close above the green minor resistance in 4 hour time frame.
USD/CHF is @ a confluence of Support. Confluence Parameters are: 1. Monthly Triangle support. 2. Weekly Gartley support. 3. Daily Falling Channel Support. 4. Monthly MACD regular bullish divergence. 5. Monthly, Weekly & Daily Stoch RSI "Over Sold". I won't think for any more reason for taking a buy position. Trade Safe. :)
Sell below 0.9734. Stop loss at 0.9756. Take profit at 0.9675. Reason for the trading strategy (technically): Price is now testing major resistance at 0.9734 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to drive price down to at least 0.9675 support (Fibonacci retracement, horizontal swing low support,...
Sell below 0.9762. Stop loss at 0.9811. Take profit at 0.9641. Reason for the trading strategy (technically): Price is once again right on our selling area. We remain bearish below major resistance at 0.9762 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a drop from this level to at least 0.9641 support (Fibonacci extension, horizontal...
As what you all have already known, I am a big fan of the Fakey setup as this is a strong signal which follows a strong movement day after. From yesterday's session. the USDCHF Forex pair has formed a fakey bar by easily erasing the losses made during yesterday's Asian session. For those who do not know, Asian sessions are mostly 'fake' movements. I need not...
Sell below 0.9732. Stop loss at 0.9811. Take profit at 0.9614. Reason for the trading strategy (technically): Price is now testing major resistance at 0.9732 (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance, bearish divergence) and we expect a strong reaction off this level for a further drop to at least 0.9614 support (Fibonacci...
Our preference: sales position below 0.9705 with targets at 0.9655 & 0.9635 in extension. Alternative Scenario: In excess of 0.9705, aim for a continuation of the increase with 0.9730 & 0.9760 in line of sight. Comment: The RSI is mixed with a limited bearish bias.
Watching the swiss franc for a bounce off a symmetrical low that was put in last week. My trigger is an entry after the break of the previous week's high and a stop beneath the low. The expectation is to run up to another fib level in a 61.8% level from a recent down move.
I see that the trend down goes very long and without kickbacks. In addition, the trend hit the support zone and purchases, besides, it has struck a magic number of 0.97000 I buy 0.97200 . SL 0.96650 TP 0.98300 Remember -Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not...
Buy above 1.0000. Stop loss at 0.9946. Take profit at 1.0100. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target as expected. We prepare to buy above 1.0000 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 1.0100 resistance (Fibonacci extension, horizontal...
We had a buy signal generated by our system today, We know the new trend of this pair is long now. We are going to wait for a pull back to one of the 3 minor resistance levels, after a clear bullish candle that confirms the end of the pullback, we shall long it. to use our system, you can request free access here by just commenting : goodluck.
At this time this is my view on USDCHF , But the structure may change in this week.
We sell this pair at current level and book TP1 @ 0.9820 and 0.9600 long term