Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6960). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.7030
TP2= @ 0.7060
TP3= @ 0.7130
TP4= @ 0.7190
TP5= @ 0.7230
SL= Break below S2
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Chf
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.658). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
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CHFJPY, Technical Analysis UpdateTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (114.3). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45
Trade Setup:
We opened 5 SELL trade(s) @ 114.07 based on 'Peak' at 14.07.2020:
Total Profit: 286 pip
Closed trade(s): 22 pip Profit
Open trade(s): 264 pip Profit
Closed Profit:
TP1 @ 113.85 touched at 07.15.2020 with 22 pip Profit.
Open Profit:
Profit for one trade is 114.07(open price) - 113.41(current price) = 66 pip
4 trade(s) still open, therefore total profit for open trade(s) is 66 x 4 = 264 pip
SL: Break Above R2
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Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9405). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9450
TP2= @ 0.9470
TP3= @ 0.9502
TP4= @ 0.9525
TP5= @ 0.9553
SL= Break below S2
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Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.69315). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.69857
TP2= @ 0.70340
TP3= @ 0.70595
TP4= @ 0.71330
TP5= @ 0.71884
SL= Break below S3
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Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.18200). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.18950
TP2= @ 1.19517
TP3= @ 1.20280
TP4= @ 1.21220
TP5= @ 1.22000
SL= Break below S2
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Don't miss the great sell opportunity in CHFJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (114.3). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45
SL: Break Above R2
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Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.949). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 61.
Take Profits:
TP1= @ 0.9535
TP2= @ 0.9550
TP3= @ 0.9585
SL= Break below S2
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Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0626). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.0705
TP2= @ 1.0727
TP3= @ 1.0768
TP4= @ 1.0816
TP5= @ 1.0915
SL= Break below S3
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Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6125). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.6070
TP2= @ 0.6040
TP3= @ 0.6005
TP4= @ 0.5965
TP5= @ 0.5935
SL: Break Above R3
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Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.6975
TP2= @ 0.6957
TP3= @ 0.6937
TP4= @ 0.6905
TP5= @ 0.6875
SL: Break Above R2
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Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9475). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.9525
TP2= @ 0.9555
TP3= @ 0.9580
SL= Break below S2
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Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.
Take Profits:
TP1= @ 0.6890
TP2= @ 0.6800
TP3= @ 0.6740
TP4= @ 0.6604
SL: Break Above R2
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Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.624). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.6145
TP2= @ 0.6042
TP3= @ 0.5975
TP4= @ 0.5902
TP5= @ 0.5755
SL: Break Above R2
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Don't miss the great sell opportunity in USDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9535). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.9475
TP2= @ 0.9440
TP3= @ 0.9410
SL: Break Above R2
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Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.703). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.6968
TP2= @ 0.6916
TP3= @ 0.6800
SL: Break Above R2
Don't miss the great sell opportunity in AUDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.64). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6323
TP2= @ 0.6234
TP3= @ 0.6072
SL: Break Above R2
There is a possibility for the beginning of an uptrend in USDCHFMidterm forecast:
While the price is above the support 0.9180, beginning of uptrend is expected.
We make sure when the resistance at 0.9900 breaks.
If the support at 0.9180 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
A peak is formed in daily chart at 0.9783 on 05/07/2020, so more losses to support(s) 0.9625, 0.9500, 0.9360 and minimum to Major Support (0.9180) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.
Supports and Resistances
S1: 0.9625
S2: 0.9500
S3: 0.9360
S4: 0.9255
S5: 0.9180
R1: 0.9785
R2: 0.9900
R3: 1.0025
R4: 1.0115
R5: 1.0235
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.967). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9730
TP2= @ 0.9755
TP3= @ 0.9800
SL= Break below S2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417
SL: Break Above R2
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0583). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.0663
TP2= @ 1.0727
TP3= @ 1.0830
SL= Break below S2
Don't miss this Sell trading opportunity of GBPCHF!Midterm forecast:
While the price is below the resistance 1.2200, resumption of downtrend is expected.
We make sure when the support at 1.1670 breaks.
If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to Major Support (1.1670) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.22 to 1.214). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.22)
Ending of entry zone (1.214)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Trade Setup:
We opened 6 SELL trade(s) @ 1.1996 (day close price) based on 'Peak' at 2020.05.11.
Total Profit: 1022 pip
Closed trade(s): 162 pip Profit
Open trade(s): 860 pip Profit
Closed Profit:
TP1 @ 1.1960 touched at 2020.05.12 with 36 pip Profit.
TP2 @ 1.1870 touched at 2020.05.13 with 126 pip Profit.
36 + 126 = 162 pip
Open Profit:
Profit for one trade is 1.1996(open price) - 1.1781(current price) = 215 pip
4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 pip
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1.1670
TP4= @ 1.1470
TP5= @ 1.1100
TP6= Free
Don't miss the great buy opportunity in CHFJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (109.7). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 111.00
TP2= @ 111.50
TP3= @ 112.40
SL= Break below S2