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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 dynamic...
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...
USDCHF is forming a triangle pattern in daily time frame. I gave a false breakout and hence we can expect a greater fall
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9905. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.994. TP4: R2=0.9965. Set the stoploss of these orders at breakout of S2=0.9895. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Forex Experimentation using Quantum Hyperspace Decoding Protocols. Medium Range Prediction Modeling Next up, is USD.CHF Start March 2019. End March 2020 Timeframe: 4 Hours. Technicals If one looks closely we can see an another quantum cup with a harmonic handle. Found Root Linear. Validated Arc. Validated shadow seq . Harmonic layers create TPs. Awaiting some...