As the market of USD/CHF is retracing upside put a sell lim in the provided area now Sell Lim. 0.8920-0.8934 Stop loss 0.8950 TP1 0.8877 TP2 0.8845 Thank You and Have a nice day
Didnt broke trendline Cancel sell setups ,Need to look for another setup
0.9260 Holds strong Resistance,Redlines shows same length in Price and Time. If you look at Day Candles 6bars up from low to “A“ and again 6bars up from “B”to ”C” Next support looks at 0.9140 after break(strong momentum)below 0.9200
We have a 5 Wave upward Impulse complete; then we have the 3 Wave Correction forming where Wave A is a Flat structure complete and verified; Wave B is a Contracting Triangle complete and verified; after completion of the Triangle there is a massive move in the direction opposite to the Wave E also Wave C is in the direction of Wave A hence Wave C is expected to...
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming; This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree; So here We have explained Wave As subdividions Wave A is a 5 Wave upward Impulse Wave B is a Triangle and Wave C is a Ending Diagonal; ...
The USDCHF counter’s price broke the support line of the ascending triangle. The bullish trend has come to an end. Short is suitable for this counter because of the current market conditions. The bearish trend may prolong for a couple of days and the price is expected to fall till S1. If the price retrace back to the support trend line then square off your short...
Hello Trader, Here is the full analysis of USDCHF: 1) Monthly - No significant price action found. 2) Daily - Forming big red candles which shows weakness in the prices. 2) 4Hourly - Currently testing the buy zone/support level and is in between 0 and 0.23 fib level(which is not an important level) . 3) Current retracement level is at 0.5 which is good level...
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...
E: 0.997 SL: 1.00 TP: 0.990 r/r: 2.3:1