Hello Traders! After EURCHF hit a strong resistance along with some seasonal strength from CHF we should continue to see a bearish movement to the next support level. As we can see there is a possible head and shoulders formation forming as long as it rejects the current resistance level. Let's see how this plays out!
Inverted H&S has completed on the H1 time frame, where the head and right shoulder has also formed a textbook version of cup and handle (Round-shape cup & not-too-deep handle). Supporting with the piercing line pattern and just hitted 0.618 retracement on daily timeframe, I would enter the position as soon as the market opens. (Calculation of TP and SL...
Hello traders, hope you having a nice weekend here is a trading idea for London Session. Notice wave b as a triangle shape, i hope price breaks above triangle and head to wave c of B. this trade is very risky so i will risk 1% of my acccount. As trend moves on my direction ill move my stop loss to break even or ill set up a trailing stop
possible retest on H&S H1 chart, resistance EMA 200
LONG EURCHF Trade Trade engaged No confirm - just based on structure and fibonacci level
Short-term, the negative momentum has gained further traction which has pushed the pair below 1.06, the low reached twice in 2016 and 2017. The RSI indicator has been forming a bullish divergence, suggesting the negative momentum is fading and that a rebound could occur. The past support at 1.0620 has become a resistance .A daily close below this level may...
A Clear Setup If Confirmed... Feel Free to add comments and like...
Price reacted to a RBR with an impulse bullish candle and close near the high of the daily range. The impulse move coincide with the Fib618 of the last major Bullish impulse move. I will be looking for a reaction at the highlighted area to go Long. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not...
EURCHF is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1...