we will take long position once candle close above trendline and confirms h&S pattern as well strong breakout of trendline for target of 1.0355
USD/CHF HAS BEEN FACING RESISTANCE FROM THE FALLING TRENDLINE. ITS LIKELY TO FALL FURTHUR. USD/CHF CAN BE SHORT IN THE RANGE 1.0050-1.0040 WITH A STOPLOSS ABOVE 1.0080 FOR TARGETS OF 0.97500
4H resistance Trendline break Awaiting bearish fib,Counter trendline break and MA crossver. -Based on daily TF,after a strong bull rally a retracement is due.on the 4H based on a drawing of a bullish fib set up from the nearest pivot on this timeframethe 50 and 61.8 levels align with a weekly key level area
In 4hr double tops are formed. Enter in market below the neckline for sell side.
In 4h double tops are formed. Enter in market below the neckline for sell side.
OANDA:USDCHF Can we expect Short between 1.0310 to 1.0374 range? or wait for 1.0474 to 1.0509 range... strong dollar indicates to go for higher level... Against the market trading is very dangerous... it is just a view.... Markets very volatile better not to do anything, sometimes doing noting is the best trade.. Please share your views in the comment section
Reason: Pullback to same level as final upside leg is in progress. Some timewise correction to take place throghout the day today. reverse action to commence only tomorrow. Time-frame :tow days.