Third touch on the trend line and static resistance is seen due to the consolidation. The Stochastic and Momentum Indicators are also indicating sells.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9745. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9675. TP4: S2=0.965. Set the stoploss of these orders at breakout of R2=0.979. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
USDCHF As CHF is considering as one of the safe heaven assets along with JPY its gained some strength during this financial crisis time The Elliot wave is forming in this chart we can see that Wave 02 is almost completed and stated its run to complete the wave 03 It will form descending channel. We can open short positions at this level which is...
Break and Retest of the Resistance and a beautiful Pull back to the 0.23 Fibbs level.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9755. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.979. TP4: R2=0.98. Set the stoploss of these orders at breakout of S2=0.9745. 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=0.9765. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9725. TP4: S2=0.9705. Set the stoploss of these orders at breakout of R2=0.9785. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout...
USDCHF 4 CHART BULLISH SUPPORT & RESSIDENT BOX CROSS BUYING ZONE OANDA:USDCHF
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9980). 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 above the 21-Day WEMA which acts as a...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.996. TP4: S2=0.994. Set the stoploss of these orders at breakout of R2=1.002. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
E: 0.997 SL: 1.00 TP: 0.990 r/r: 2.3:1