Cherry94

Cherry94

Technical picture As price stays in channel currently, it would be good idea to go long in area 1.1985-1.1942 as that is local support area that was tested recently two times, also that is PWL and 38% fibo level of the last big swing. And alternatively on the M chart is clearly seen that price rebounded from resistance area and heading down, so I'll put in sell...

Cherry94

Technicals Ascending triangle, price is testing important resistance, due to the triangle there is possible up-breakout.

Cherry94

My plan is to play breakout of triangle + breakout of either PWH or PWL, I think those levels will add energy to impulse if it occurs. I'm going to put in pending buy and short orders above PWH and below PWL respectively. S/L will be set almost in the middle of triangle culmination.

Cherry94

99.19-99.47 is very clear, neat resistance area. It's already two spinning tops have come up on the day chart, stochastic is in overbought area and looks like going down. So I'm going to short over there. S/L will be above the resistance area and t/p in the area of recent consolidation.

Cherry94

Technical picture Trading down breakout, s/l is hiding behind previous week low, t/p set on approximate height of triangle. As tendency of USD looks like massive correction across the board, I think it's good chance to make some USD shorts. Fundamentals There are no so many important news regarding CHF and USD, so I think there shouldn't be any really unexpected...

Cherry94

Technical picture Just simple short basing on resistance area Fundamentals As it's empty day for GBP or NZD related important news that could cause wild unexpected volatility, let's try to make money with simple short term setup.

Cherry94

Technical picture That's simple idea to trade short as a rebound from 100 day SMA, overall trend is still bearish that undoubtedly adds odds for short position. Also stochastics (14 3 3) on H4 and D1 are in overbought zone both that confirms continuation of downtrend. I put in s/l that exceeds average day's volatility for the last 10 weeks. But s/l could've been...

Cherry94

Technical picture I see resistance area (orange rectangle) and price action confirmed by candlestick set up (dark cloud cover). Also general trend is down that adds confidence to short position. Also if to look at the stochastic (14 3 3) on H4, overbought condition can be observed. Fundamental picture As Eurozone still stays anxious about Greece problems and on...

Cherry94

1)Resistance area is obviously seen and has been retested several times (marked in green) + opening position as a trend continuation. 2)Commodity prices keep on pressing on Australian economy, there is no benefits for strengthening AUD in near future, and NZ look quite relatively good to all majors.