I know CHFJPY is not a common pair but I can not leave it when I get a signals. Right now the market is on the resistance. On one hour time frame, the market formed a doji. It is having difficult in crossing that level. There is a high possibility the market will reverse and continue with downtrend. I will hold a little and watch how the volumes will appear and...
USDCHF has finally met my set up after a long waiting. The market is on a strong uptrend (based on 200ema) It has experienced a pull back and currently the price is on the buy zone (the space between 20ema and 40ema) There is now waiting. I will take a long position targeting 20 pips. Lets wait and the if the market will favour us.
A very nice set up for EURUSD is on the way. The market just began a downtrend and right now a pull back is trying to form. Let's wait and see if it will touch the 40ema, if it does I will take a short position targeting 30 pips. The market is below all the EMS which includes 20, 40 and 200 ema. Keep posted I will let you know once the signalis strong enough.
lOn an hourly time frame, AUDUSD has been in down trend. On 21st Jan at 15:00 the price crossed the 200 ema. This shows that its getting ready to start an up trend. Last night before market closed, it touched the 20 ema and nearly touched the 40 ema. CCI (20) is already at the oversold. We expect the price to continue in the uptrend, this is just a pullback....
This is the best set up ever. The market is below the 200ma thus confirming that the market is on a strong downtrend. We are experiencing some pullbacks on the 20ema. The CCI is on the oversold. The market is geting ready to continue with downtrend. I am take a short position targeting 30 pis or take profit when CCI gets to the over bought. Stop loss can be placed...
Looking at the 200ema, its clear that the market is in a very strong uptrend. There are few pull backs but still ithe market does not look to reverse any time soon. I am take a long trade on this targeting 30 pis. I have a good feeling abou this.
We have a nice pull back in this downtrend. The market is getting ready to reverse and continue with the downtrend. We also have a strong divergent and low volumes this ensures us that the market is about to reverse and continue with downtrend. We are targeting 60 pips from this set up.Stop loss around 40 pips.
