The Breakout Opportunities system has just bought USDCHF at 0.99815. The system recommends entering this trade at any price between 0.99695 and 0.99943. The signal was issued because the USDCHF has broken its 24-hour high while our Speculative Sentiment Index was at -1.23888, suggesting that the USDCHF may have further to rise. A stop loss has been set at the...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the top of the pattern and watch strong price action for sell.
The Congestion Opportunities Strategy has just sold USDCHF at 0.99437. The system recommends entering this trade at any price between 0.99283 and 0.9959. The signal was issued because the 28-hour Relative Strength Index indicates that the USDCHF may be overbought, while the Speculative Sentiment Index reading of -1.11293 indicates that trader sentiment is not at...
USDCHF is approaching its resistance at 0.9887 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing high resistance) where it may reverse down to its support at 0.98375 (100% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding...
USDCHF is approaching our first resistance at 0.9897 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.9825 (61.8% fiboancci extension, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might...
After the strong up impulse, it's making really nice 1h flag for the next impulse. So, taking this breakout will be a good idea. Take it with your own tested strategy. USDCHF on the bigger picture looks upside and it can go pretty high but my first target will be -0.27 fib level.
TIPS: When you take that breakout, if it goes slowly put it at BE fast. It can also...
Looking at past swings in the market to get an idea of where the market is heading. ( prices usually relates to prior swings - the coloured orange and pink lines are SWINGS)
measure the length of a pull back ( orange ) chances are that will be the length of other pullbacks which you can use to mark out your level of entry.
the orange lines are patterns as well...
USDCHF is approaching our first resistance at 0.9898 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.9826 (61.8% fiboancci extension, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might...
USDCHF reversed off its resistance at 0.9848 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 0.9788 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
We have a possible bullish trend towards the upper line of the channel; but base on Elliott wave analysis it probably won't reach to the upper line. We have possible lower trend line that can be reached by price at 0.98440 level. This level is the 61.8% retracement of a-wave of a zigzag pattern which is the maximum retracement for the b-wave.
Please remember to...
USDCHF is trading within a 1D Channel Down (MACD = -0.004, B/BP = -0.0120) with the high neutrality (5 indicators including Highs/Lows = 0.0000) suggesting that we are on Lower High levels. Today's strong bull run though is not representative of this pattern so we are approaching this sell opportunity with caution and a tight SL at 0.98660. The expected Lower Low...
The Tidal Shift Strategy has just sold USDCHF at 0.98113. The system recommends entering this trade at any price between 0.97978 and 0.98248. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.06774, which suggests that the USDCHF could be trending downwards.The 14-period...
