Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9816). 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.
. Price is below WEMA21, if price rises more, this line can...
FX:USDCHF has been forming an uptrend on 4h and our expectation of a reversal is from 0.99500 with SL at 0.99820 and three potential targets.
The stronger the move to the zone, more likely for a quick reversal in achieving minimum 2:1
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9825.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9865.
TP4: R2=0.9905.
Set the stoploss of these orders at breakout of S2=0.9805.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9795.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.974.
TP4: S2=0.9695.
Set the stoploss of these orders at breakout of R2=0.9815.
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=1.01.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.005.
TP4: S2=1.0035.
Set the stoploss of these orders at breakout of R2=1.012.
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=1.01.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.0045.
TP4: S2=1.
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...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0105.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.0065.
TP4: S2=1.0045.
Set the stoploss of these orders at breakout of R2=1.0115.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
W1 cycle,
The price runs inside the contraction triangle,
The weekly chart continues with three large red-candles,
This week is likely to fall further.
In the future you can keep trading inside the triangle,
as shown in the chart.
Sell Now & TP 108.50
-----------------------------------------DRonnie - 2019.05.13
BOC decide
During the upcoming trading week, central bank action takes center stage, with interest rate decisions from the Bank of Japan, Central Bank of Turkey and the Bank of Japan. The Bank of Canada rate decision is likely to capture the spotlight, as market participants wait to see if the BOC will follow other central banks across the globe and adopt a more...
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...
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![USDCHF: USDCHF Short Setup [4H]](https://s3.tradingview.com/c/CmiXV29M_mid.png "USDCHF Short Setup [4H]")
