AUDCHF is looking for long after forming descending channel lined up with the double bottom & forming steep formation for a movement to the upside.
AUD/USD continues to recover from the 0.6285 area, gradually forming a double bottom pattern with the neckline at 0.6435. On frame D1, the recovery momentum has weakened after touching the 20-day MA at 0.6380. On the H4 frame, the currency pair is still maintaining an uptrend. The RSI and MACD indicators signal that the upward momentum is still maintained. The...
1) Downtrend 2) Price is Below EMA 3) Moving Down From their Strong Resistance 4) Fundamentally USDCHF Is looking Short 70% Technical 30% Fundamental
This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move. The Fed's Interest rate decision could trigger the strong move breaking the structure. Price breaking the previous low (Invalidation...
USD/CHF Weekly update Swing Trade Buy USDCHF Entry Point - 0.94500 Stop - 0.93000 Take - 0.98000
Price is on the third touch of our upper trendline currently accumulating, after the consolidation we expect price to move up completeting the initial impulse before the accumulation phase
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (147.220). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as...
HI, CHFJPY analysis for 4 hour timeflame in this position upside and downside move also possible. RSI in range 70%-80%
In 4hrs timeframe it has formed double top kind of formation and the neckline has been broken. Now the neckline is being retested again and it is facing resistance there. One can look for the short at this point for the TP1, TP2, TP3.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1658). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1683). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1628). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7795). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
usd/chf selling setup ict selling model short selling
After a bullish move a clear w pattern can be seen following are the zones I believe can turn out to be a good supply zone
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (133.01). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Here's the signal, Entry - 0.75235 StopLoss - 0.75010 TP - 0.76200