Directional Bias For EURCHF Is Long.
Before entering the trade I would wait for break re-test of downtrend and a strong Bullish candlestick close (Daily)
However price could kiss trend-line and and carry on falling, but due to bullish momentum i believe this is the start of
a upwards trend.
NZDCHF Daily:
Directional Bias: Short
Scenario 1: Identified symmetrical triangle,
price has retested the upper level 3x which
shows the validity of the level and that price will fall
Target: 0.65850
Scenario 2: Price has been forming HH & HL which indicates a uptrend.
Price has broken resistance turned support, expecting price to retest support
before...
DXY Daily:
Directional Bias: Short
Reason: Price has hit daily resistance (retested resistance)
Reason 2: Price crossed trend-line and retested trend-line
showing the validity of the trend-line.
Reason 3: Moving Average crossed with price this in-dictate's
price fall.
Target: Daily support zone which is 98.81 region
This indicates that all Pair's XXXUSD...
Scenario 1: Price is retesting previous daily high.
If price was to break this level I would target the
previous high 0.69200.
Scenario 2: Price is currently a daily high, which
is also a resistance level. Price could reverse at this level,
if this does happen I would target 0.66174 and 0.65028 level.
Price is has wicked weekly resistance,
has resulted in price to fall.Currently
I'm looking for a short entry on the 4 hour
chart, confluence's i'm looking for are a
cross of moving average and a break of
trend-line. I would also wait for a rest
of the area which was broken
Price Currently at 108.357, which is daily support level.
Price has held at this level for the past 3 days and would expect a push
up towards 111.708, which is daily resistance.
Anticipating a drop to the 104.700 region. however
would observe once price drops back to support!!!
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