Breakout of its daily trend line, CHF having strong momentum last & this week. Pullback done, safe to enter short ! :)
Bullish bat pattern developing on Swissy. We have the (X-A) leg completing at .97728, followed by the (A-B) leg retracing 57%. (B-C) then retraces 96% to .97657, but as you can clearly see it does not violate our (X-A) leg high, so we are still in play. (C-D) leg's 88.6% potential completion comes in at .94760's above a notable level of structure.
CHF/SGD 1H Chart: Channel Up The Swiss Franc is gaining value against the Singapore Dollar in a short-term ascending channel that started to form after the currency exchange rate bounced off from the weekly S1 at 1.4007. Depending on how you draw the pattern, it will consist of two reaction highs or three reaction lows. In any case, there is a clearly...
To find out more about MIDAS Trading Tools visit MQL5.com - New upgrade to v3.50 coming this week! - PM me if you want a 7 day free trial!
USD/CHF is heading down to the the daily horizontal support. Chart is pretty self explanatory.
Hi boys. I'm short on Aussie swiss franc. Chart is pretty self explanatory. Lower lows, separation of conversion from base line, broken trend line, broken flag, broke the cloud. Minimum 3 waves down for me. TP at the Fib extensions 1.618 and 2.618.
Price back at weekly support, will be waiting for daily candle close for conformation.If we get a pin bar candle below support making it resistance then I will look to go short. Wait for break of uptrend line as well will indicate bearish price action.. Got my eyes on this pair heavy as CHF has gained a lot of strength & AUD is weaker at the moment. Keep in mind...
Perfect daily rejection from the horizontal resistance. We will start seeing this thing move down. Broken clouds on the lower time frames. Good time to short!
OBSERVATION: After hitting monthly resistance price fell to daily support which confluences with the ascending trendline that has been acting as support since June. A break below could see price drop to 0.74400s then 0.73400s while a bounce will see prices rise back to resistance.
USDCHF in a small degree uptrend. Now it's pushing higher with a bearish divergence. I'm expecting a little more upside before a potential breakdown.
USDCHF The pair is ready for Scalp BUY! www.tradingview.com
GBP/CHF 1H Chart: Pennant The British Pound is trading against the Swiss Franc in a short-term pennant formation. The pattern represents the aftereffect of announcement of the UK Official Bank Rate and the subsequent Governor Carney’s speech last week. By the early morning, the currency exchange rate has practically reached the breakout point from the...
Hi boys! Somewhat risky as it's reaching a horizontal line, but I'm risking 57 pips to make 145. We still have a trend with HH and HL. 5 wave elliot in play. Breaking clouds on most time lower time frames and stoch rsi looks good. Lets stick with the trend until it bends.
I hope you boys like this. We have seen a lower low on the 4hr and now a bullish flag. Going to use the elliot for a good RR ratio with 2 positions. 115 seems to be a comfortable number for wave 3 on this pair which is also 1.618 of the first wave down. Final wave also seems to be another solid horizontal key number which tends to be 2.618. Stop loss will...
Short on the EUR CHF pair. EURCHF looks like it will be turning from the resistance line and head down towards the gap. We've also shown rejection at the resistance with a lower high, so I will aim for a lower low around .1618 of the first wave. Nice crossover on the daily stoch. If it hits the stop loss, then everything will be invalid. Good RR ratio.