There is resistance confluence on this chart. as you can see price arrived to strong daily resistance level and I waited to create the H1 resistance zone nested on daily zone, after the reversal candle stick pattern, It gave the propriate short entry setup.
USDCHF is approaching a 4hr order block zone. It is also approaching a daily fib golden zone. so we can plan a long trade around the OB.
it is forming trap for retailers as per shown in chart and at the same time dxy index looks bullish to me so here is the plan
1.measure trend is up 2.during formation of range it breaks previous support or resistance and trap the breakout traders 3.from history data analysis we are ready to buy at support brakage
PAIR: USD/CHF Wave: ZIG-ZAG COrrection Invest $100-$1000 Reward $1000-$10,000 Profit Sharing: 50% Wave A having a five impulse wave , B wave mostly max travell upto 61.8(A) C wave is the tradable/execution wave . It may 123.6% to 161.8% or more of Wave A Just wait and watch like a snipper for entry near the "B" wave going to finish.
as usually after analysing history data it sugest that it first gives v-shape pattern then retraces to nearly 50% the consolidates and goes up so here is in charts what i see
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Looks like an ending diagonal is forming on wave 5. a break of the lower trendline could see more bearish movement
elliott wave analysis tgt , sl marked in chart . . rrr 1:2
we have a daily time frame order block . we can plan a short trade and target the levels mentioned in the chart.
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
A resistance level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset. If a market price is nearing a resistance level, a trader may opt to close their position and take the profit, rather than risk the price falling back.
PICTURE is INVERTED As per analysis, this pair may shrink and will touch marked line soon
We saw USDCHF Long Because, USDCHF Descending Trend Line Breakout.
Wait for a 4hr candle close above 0.88700 level. then we can plan a long trade till next resistance levels after a bullish candle confirmation.