USDCHF is approaching our first support at 0.9848 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0019 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9945. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.991. TP4: S2=0.986. Set the stoploss of these orders at breakout of R2=0.9955. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
B point is a little high and USD has been a little bit hectic. PA has pierced the zone twice but hasn't close inside... I'll wait for a return and if it happens see how it goes. Numbers look like: Entry: 0.99783 SL: 1.0010 (very conservative, there is a Resistance zone before SL, so you can choose a lower one for a better RR ratio) TP1: 0.99342 (0.382...
The Trend Follower Strategy has just sold USDCHF at 0.99753. The system recommends entering this trade at any price between 0.99626 and 0.9988. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50427. This suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is...
USDCHF is approaching its resistance at 1.0007 (50% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse to its support at 0.9917 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
USDCHF is approaching its resistance at 0.9956 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially to reverse down to its support at 0.9885 (100% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal may occur.
The previous bear flag trade got stopped at break even because i lowered the stop to entry. I was too premature with that decision, but i did it because the bear flag was getting so big i was having some doubts. But hey, better safe than sorry :). Now looking back, it never got above that resistance level and at the moment we broke the support and even had a first...
In my previous analysis, i posted a possible bear flag trade. I have change my mind on this now since the movement of the past days is starting to look like a bullish wedge now. My trade did not even get active, even though it followed the blue line quite well, but i did not like that squeeze up earlier this week. Because the bigger picture suggest a drop is more...
The Breakout Opportunities system has just sold USDCHF at 0.99156. The system recommends entering this trade at any price between 0.99032 and 0.99277. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 1.91441, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour...
USDCHF reversed off its resistance at 0.9937 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.9903 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) reversed off its resistance at 92% where a corresponding drop may occur.
I will keep you all update with my entry's and thoughts of the trade! Follow me on trading view. My Instagram joe.matkin To keep update with my trading journey!
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the continuation pattern and watch strong price action for sell.
USDCHF is approaching its support at 0.9904 (38.2% & 78.6% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 0.9979 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4%, where a corresponding bounce could occur.
The Breakout Opportunities system has just sold USDCHF at 0.99665. The system recommends entering this trade at any price between 0.99542 and 0.99762. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 1.25503, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour...
USDCHF is approaching its resistance at 1.0018 (61.8% & 100%x2 Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.9966 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
The Breakout Opportunities system has just sold USDCHF at 0.99638. The system recommends entering this trade at any price between 0.99515 and 0.99714. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 1.27967, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.