As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.986.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.984.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
USDCHF is trading just below major resistance 0.99762 following the formation of the triple top pattern in a daily time frame chart. The arrival of bears is further supported by a rising wedge pattern, but the trader must do entry of its short position on today's closing that should be below the aforementioned major resistance. Moving forward, the first target is...
. 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.
. 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
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the...