USDCHF | Perspective for the new week
Updated
The momentum drive on the USDCH has been bullish since the beginning of the year and the sudden breakout of the bearish trendline identified on the daily timeframe is likely going to be a confirmation in that regard. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
The week has started on a bullish note. Should there be a retracement at this juncture, I will be preparing to join the potential rally.Good morning
Note
Just like my expectation in the USDJPY; I am expecting a buying opportunity around the 0.96200 zone and if not I am passing this tradeGood mornig
Trade active
After missing out on the bullish momentum that the week began with; it appears that a trading opportunity is evolving in the 15-minute timeframe as there have been multiple attempts from the buyers at the 0.97580 area in the last 11 hours. So, I will be looking for confirmation in the form of a retest to join the potential rallyTrade closed: target reached
Profit took; are we going to be witnessing another retest of 0.97580 to join another potential rally or is there going to be a breakdown of this zone? Lets see what happen in the next couple of hours.Good morning
Trade active
I just sighted multiple rejections of the 0.97850 zone by the buyers. Looking to join the potential trend continuation.Note
I just sighted multiple rejections of the 0.97850 zone by the buyers on my 5 minutes timeframe. Looking to join the potential trend continuation.Trade active
Close to my TP, locking in some profitTrade closed: target reached
Hit my TP a couple of hours ago with 100pips in profit. So, with the current structure - I want to see how the price will react to the 0.98010/0.98000 area. If there is a structure supporting a trend continuation on lower timeframes, I want to prepare for another potential rally.Trade active
Price is right back within the 0.98010/0.98000 area hence I am taking advantage of a rejection of this zone to the upside.Good morning
Order cancelled
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