Clear touch and rebound of the trend line . Bearish confirmation candle sticks are seen. Stochastic and Momentum are both both indicating a sell. Stop loss of only 20 pips. CLEAR SHORT TILL NEXT RESISTANCE LEVEL .
Hi, today we are going to talk about USDCHF and its current landscape. We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above. Want to know more about our trades and ideas? Join the Traders Heaven today. Thank you for...
Third touch on the trend line and static resistance is seen due to the consolidation. The Stochastic and Momentum Indicators are also indicating sells.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9745. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9675. TP4: S2=0.965. Set the stoploss of these orders at breakout of R2=0.979. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...