Symetrical Triangle Pattern USDCHFA Perfect symmetrical tingle chart pattern on the daily chart, breaked below and closes. Expecting down fall.
USDCHF trade ideas
USD CHF TrendJust spotted an excellent consolidation - any break in the trend lines would lead to a major move as it is consolidating since a long time
USDCHF MARKET ANALYSIS WATCH FOR MARKET RETESTLOOKING TO SEE IF THE MARKET IS GOING TO TOUCH SUPPORT AND RETEST OR CONTINUE MARKET CONTINUATION
There is a possibility for the beginning of an uptrend in USDCHFMidterm forecast:
While the price is above the support 0.9180, beginning of uptrend is expected.
We make sure when the resistance at 0.9900 breaks.
If the support at 0.9180 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
A peak is formed in daily chart at 0.9783 on 05/07/2020, so more losses to support(s) 0.9625, 0.9500, 0.9360 and minimum to Major Support (0.9180) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.
Supports and Resistances
S1: 0.9625
S2: 0.9500
S3: 0.9360
S4: 0.9255
S5: 0.9180
R1: 0.9785
R2: 0.9900
R3: 1.0025
R4: 1.0115
R5: 1.0235
long positionUSDCHF can brake out this triangle and after that TP and SL is shown as chart, wait for braking...
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.967). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9730
TP2= @ 0.9755
TP3= @ 0.9800
SL= Break below S2
#USDCHF $USDCHFGet Ready for explosive move in USDCHF
Entry :- 0.97340
Target and Stoploss in chart.
price square practice 2 - currency pairOm Namah Shivay
Practicing the repetation pattern and range square 2.
Not much is explained on the chart.
Om Namah Shivay
price square practice - currency pairOm Namah Shivay
This is a practice worksheet of price square to find the future chage dates.
Nothing more is explained on the chart or here.
Om Namah Shivay
USDCHF in a pennant USDCHF had broke a trendline and now it is performing a pennant pattern , if we get the break, we can go for a sell
USDCHF is showing some type of bearishnessdouble top can be seen and also the trendline is trying to break
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9725). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.9775
TP2= @ 0.9800
TP3= @ 0.9840
SL= Break below S2
