As per Daily Price Action Price Has Been Followed trendline Last 91 Days. After Broke The Trendline Price Retest It is Trendline zone And Reverse From That Level And 50 and 20 Ema Also Broke Below Side. It Could Be best Sell Side Trade With Stop loss 0.90468 But price Has Given Good Point In Sell Side So Wait For Bounce Near Around 0.90081 Its Good Zone For...
HI. In Forex USDCHF has breaking the trendline. happy trending.
Price formed a reversal pattern on a small trend inside a bullish trend hence still expecting bullish movement
Buying from 2hr ob till fvg 50% ,dxy ob retracement so usdchf can be bought at slight retracement till 2 hr ob
USD/CHF, “US Dollar vs Swiss Franc” USD/CHF has completed a wave of correction to 0.9024. A structure of growth to 0.9064 might form today. Next, a link of decline to 0.9010 is expected.
USDCHF is overall bullish we can plan a long trade after the break of current resistance at 0.90900 targeting the 0% level of fibs.
Broke structure above ,fvg seen above as two red lines marked Buying at somewhat cheaper or discounted price
Reason for long a) Mr.14 Set up b) Weekly breakout c) Super vwap breakout d) QQE support for long signal e) Open = low f) 15 min breakout ORB g) Good risk reward zone first target at 1R and 2nd target at 2R by shifting the sl to entry point, once, the 1R is reached. SL compulsory
it generally gives breakout then make double top pattern and it gives us opportunity to sell so here is the plan
DO NOT ENTER EARLY. This is a clear sell stop type order. Please wait for the price to go further down with relatively good volume. Always stick to the plan. All the best.
We saw USDCHF Short Because, USDCHF Ascending Trend Line Breakout.
its history tell us it likely to make inverted flag and poll pattern with the trap for retailers as per drawn by me in chart, then after this will continues it's trend i.e. downside
AUD/USD continues to recover from the 0.6285 area, gradually forming a double bottom pattern with the neckline at 0.6435. On frame D1, the recovery momentum has weakened after touching the 20-day MA at 0.6380. On the H4 frame, the currency pair is still maintaining an uptrend. The RSI and MACD indicators signal that the upward momentum is still maintained. The...
it is in a down trend and its history sugest it keeps breaking first lower high of its downtrend so here is the plan
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.