USDCHF is approaching its resistance at 1.0122(61.8% & 100% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at 1.0022(50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9965.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9915.
TP4: S2=0.9885.
Set the stoploss of these orders at breakout of R2=0.999.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.996.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9915.
TP4: S2=0.99.
Set the stoploss of these orders at breakout of R2=0.9975.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.994.
TP4: S2=0.9905.
Set the stoploss of these orders at breakout of R2=1.001.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.011.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.007.
TP4: S2=1.0045.
Set the stoploss of these orders at breakout of R2=1.013.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
When MPP (P) functions as a resistance line, consider long entry.
First limit: WePP (P) 0.99610
Second limit: 1.00000
Third limit: 1.00400
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points...
