as we can see that usdchf is on nice uptrand i miss the move from bottom but now i am looking new formed support area and a nice pullback move that coming down
New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the price is above the support 0.9815, continuation of...
New trading suggestion: *The price is in an Up Trend and we forecast the uptrend would continue. *There is still possibility of temporary retracement to suggested support line (0.9648) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 0.9648 is not broken, the Midterm wave will...
ABCD is an Up Trend, 'E' being the TVP of the trend. Candle 1 and 2 broke the TVP and gave rejection to go in the downside direction, hence the bias stays inline with existing trend bias (Upside). Entry (Long) comes at TVP level. First target is at level 'F' , Second target is in 1:4 RR. Stop is placed below Swing 'B'. As price moves stop can to dragged to...
usdchf Will be looking to go short on this pair and it seems that there is quite a lot of potential to the downside.
we will take long position once candle close above trendline and confirms h&S pattern as well strong breakout of trendline for target of 1.0355
Reason: Pullback to same level as final upside leg is in progress. Some timewise correction to take place throghout the day today. reverse action to commence only tomorrow. Time-frame :tow days.