Mid-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9120).
. 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...
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
THIS WAS BEST TRADE FOR ME TODAY WHICH I TOOK 1 HOUR AGO. AS YOU CAN SEE THERE IS A RANGE ON 1 HOUR TIME FRAME. AND IF WE SEE MORE DEEPLY ON 3 MINUTE TIMEFRAME THEN WE CAN SEE THAT MARKET IS AT DOWNSIDE OF THE RANGE DURING THE SMALL RANGE ON 3 MINUTE TIME FRAME AND DIGESTION PROCESS WAS IN PROCESS AND AS SOON AS RANGE WAS OVER I ENTERED. BUT I EXIT VERY SOON AT...
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...
Price is forming a falling wedge pattern. So looking to go long.
Please Note:
Just knowing the direction of the next move will not help being profitable in the long run.
There is a lot more to it with regards to the entry technique and trade management after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of...
USDCHF price action analysis suggesting a strong bullish looks, might go upto 0.9400 area. let see , how its retest the box i drawn here.. its called the last kiss trade..
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;
...
