as we can see that usdchf is on nice uptrand i miss the move from bottom but now i am looking new formed support area and a nice pullback move that coming down
The 1-hour chart of USD/CHF indiacates that the pair is currently in downtrend.
The pair broke the support the 0.99366 and it made a sell off.
The pair is currently making a retracement of 61.8% and we expect the bears to return in the price zone of 0.99366 which can act as a resistance.
Points to note:
1. Took support from Trendline and 50ema
2. Wait for the trendline to get broken, then short.
3. currently at small resistance but no clear signal of reversal.
4. Momentum at previous resistance.
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the price is above the support 0.9815, continuation of...
New trading suggestion:
*The price is in an Up Trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.9648) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 0.9648 is not broken, the Midterm wave will...
Bullish Cypher is completed in CHFUSD pair so we can enter a LONG trade but according to me the risk reward is not 1:1 so pls have a think before enter the trade
ABCD is an Up Trend, 'E' being the TVP of the trend.
Candle 1 and 2 broke the TVP and gave rejection to go in the downside direction, hence the bias stays inline with existing trend bias (Upside).
Entry (Long) comes at TVP level.
First target is at level 'F' , Second target is in 1:4 RR.
Stop is placed below Swing 'B'. As price moves stop can to dragged to...
