Hi Everyone, New Idea, As you see in my Market Review Week 27, I opened a short Posicion on Swiss Franc Futures. Entry= 1,04365 Stop-Loss= 1,08175 T.P.1= 1,01970 T.P.2=. 1,00400 Good Bye and Good Trading!!!
SWISS FRANC 75% is going down, professional analysis.
Type : Bullish Rise Resistance : 1.04550 Pivot: 1.03825 Support : 1.03400 Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1.03825 where the swing low support, 61.8% fibonacci projection and 61.8% fibonacci retracement are to the 1st resistance at 1.04550 in line with the...
1) Bollinger Bands: Some traders will determine the market as "over-extended" when the price is piercing above or below the Bollinger bands. If above then the price is considered overbought and price may start to reverse. If below then the price is considered oversold and the price may start to reverse. 2) Stochastic RSI: some traders will determine the...
-CHF very weak currency. I'm not about to go and call the bottom of the and neither should anyone. What I notice is price has created 4x DBD supply zones in a row which allows us to consider the market overextended, and we have the ability to draw an aggressive downward ML. -Waiting for price to have the "elastic band effect" and have price shoot up and break the...
Main Patter: Weekly Descending Triangle Half target reached Last target 1.0150
ABCDEFGHIJKLMNOP.....It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; ====> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
Expecting a reversal fro the double top region. CHFXXX SHORT XXXCHF LONG
We notice that the Swiss Franc broke a very important price channel and came back and retested, which gives us a good opportunity to sell. The targets are clarified.
The 6S Daily time frame is in an up trend. The market is making higher highs and higher lows. The market is near a low price. It will be a good idea to turn to the one hour time frame and look for low prices in the buy zone. The daily is showing a longer term bullish push towards 1.1563 about +701 Ticks away.
Buy from current and 1.0462, stop 1.0372, target 1.1255 Purchases from weekly and monthly commercial interests. The risk is 70% of the total. Stop for a cluster of monthly volume . I will close 50% of the position at 1.0889
Buy from current and 1.0660, stop 1.0571, target 1.1255 Shopping from weekly commercial interests. The risk is 70% of the total. Stop for a cluster of monthly volume. I will close 50% of the position at 1.0965
Buy from current and 1.0830, stop 1.0772, target 1.1232 Purchase and additional position from monthly commercial interests. The risk is 0.7% of the total.
Buy from 1.0963 and 1.0930, stop 1.0898, target 1.1158 Limit purchases from the zone of monthly commercial interest for the purchase.
Buy from current, and 1.0988, stop 1.0963, target 1.1135 Repeated buying from the local low on high volumes. Weekly commercial interest in buying.
Buy from current, stop 1.1120, target 1.1180
Same story as DXY. Possible H&S pattern. it's a reversal pattern, but if fails, then price target are somewhere around 1,15. and here you can choose to trade usdchf or eurusd. the choice is yours