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AUDCHF Targets 0.6900 AUDCHF will target 0.6900 if the price break the neckline of the potential head and shoulders pattern.
GBPCHF for Sell Hello followers I'm looking for sell GBPCHF it it gives me another opportunity and come back to the 1.2950 levels Because
- The pairs broke the triangle
- Yesterday candle is bearish Engulfing candle
Good luck
WICKS WICKS SWISS FRANK WICKS
Listen.
The wicks dont lie.
The peak has been reached as seen in my orange zone.
Expect further retraction on USDCHF.
CADCHF Double top ShortCADHCHF setting up for a double top pattern. once we see it return to the neckline, i'll be looking for a long terms short position, with a take profit of 500 pips.
Stop loss will be at the most recent high.
USDCHF - 8/2/19Going along with my take on the Dollar Index, we can expect the DXY to sell, therefore causing this pair to sell as the dollar weakens. We can see that price has broken this trend and has failed the retest, thus becoming a confirmation to sell.
USDCHF DAILYRANGING MARKET WITH SHORT TRENDS...WILL WAIT FOR A BREAK AND RETEST LONG OR SHORT. IM FLAT FOR NOW,LETS WAIT FOR DIRECTION.
USDCHF - SUPPLY & DEMAND ZONE ANALYSISHi traders.
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit)
- What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off)
If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked.
Always remember this trade is only 1 trade in the next thousand you're going to take.
Process over outcome!
AUDCHF, Bearish Engulfing Bar on the Weekly ChartPrice has reached 61% fibo level, but failed to stay above it. The pair formed bearish engulfing bar on the weekly chart and now it is below an important horizontal resistance. You can short AUDCHF if it drops below the ascending trendline.
NZDCHF 11.11-11.16Here we have NZDCHF on the Daily time frame. Over the last week and a half this pair has been shooting to the moon and I believe its time for a retracement.
Price couldn't push through and stay above quarter level 0.675 giving us a failed quarter transition.
I see price returning to around the halfway point between quarter level 0.675 and 0.65. Around the 0.6625 mark. This falls just before the 61% fib level so taking a bit of overshoot into account, I think this is a safe level to look to go long back up to the -27 fib level. Which also lands just past the half way point of quarter level 0.675 and 0.7.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev
USDCHF STRONG STRUCTURE ZONE (WATCH THIS PAIR) USDCHF STRONG STRUCTURE ZONE
I don't only want to post trades on here for you guys I also want to be able to post market outlooks and analysis as well. As you can see USDCHF is just starting to come into a very strong structure zone. Back in January of 2015 you can see that this market had a 16%+ drop in a matter of a week. THAT IS HUGE and as you can see it's something the market hasn't forgotten about and has been struggling to recover ever since. Market prices have not been able to break above this zone in years and this leads me to the fact that it is more probable that it will not any time soon. Now I could be wrong, but I let the market tell me what it wants to do and by the past few years it had shown me it can't break above that January 2015 high.
Keep an eye out on price in this zone in the upcoming months to watch and see how this pair plays out and if we can potentially capitalize on what the market tries to show us. Keep and eye out and keep it on your watch list because it is a really significant zone based on the data it is showing us from the past market conditions.
Cheers! Please like and follow my profile for more posts of trades, analysis, and big profits! Cheers!
USDCHF Bearish scenario breakdownSince we're still below a major resistance, it's also possible to look for bearish scenarios. We will know what's going to happen once we have a break on either side.
If we break down from here and below the daily breaker (+ daily horizontal level), we'll be looking to short the retest and aiming for those lows there.
Again, wait for confirmation and trade carefully.
For the bullish side check out my previous idea.
EURCHF, Double Top & Long Wicked CandleEURCHF has formed the double top and the yesterday's candle shows rejection of the horizontal resistance. We should short the pair if price drops below the yesterday's low. Stop loss should be above the top of the yesterday's candle. Take profit 1.5x - 2x from it.
Bearish Shark Pattern Complete On 4Hr TF USDCHF! Lets Go ShortSee the main chart for analysis, entry, sl and tp level. if there are any updates i will update below
GBP/CHF, ShortThe pair has reached the 50% retracement which is very close to an important resistance line. It would be ideal if we can have a rejection bar on the daily chart today or tomorrow.
Bullish Gartley Completed On Weekly Chart NZDCHF. Still Valid!On the weekly charts of NZDCHF The bullish gartley was completed 4 weeks ago but however the pattern is still valid. It has to be understood that harmonic patterns do NOT immediately reverse from the point D, they need time and market reaction in the real world is everything. i am awaiting for some technical confirmation before taking this trade on. The risk to reward seems to be very healthy too on this one. stay tuned
Long term harmonics pattern are very reliable and i will be keeping a close eye on this one.
GBPCHF LongQuite clear inverse H&S pattern forming here. Best R/R is to go take longs especially if look at the Daily and Weekly timeframes. Heavily oversold and CHF futures are somewhat stretched and primed to be sold off any time now. I'll be looking to add to my long positions on this pair.
Good luck!
USDCHF Trade setupTwo possibilities here on the larger timeframe for this pair. With SNB and FOMC on tap, we'll have a clearer picture for the next major direction on this pair. Until then, stick with lower time frames and keep stop losses tight.
Good luck!
USDCHF *Cautious* LongDXY has been under pressure with support nearby at 94.42 however we could see a triple bottom on this pair in the region highlighted below. Long positions to be taken with caution with US Retail data on tap tomorrow.
GBPCHF LongClassic bull flag in progress after a major rally early in the week. With BoE on tap and CHF overstretched, GBPCHF should continue upwards.
4hr Range Breakout PlayOn the daily, price showed a massive bull run from Aug 21-29th with overextension to 115.00 key resistance and a small double top.
The 4hr shows a range breakout and retest along with a 50ema break and retest at 4hr resistance and 38.3% fib.
The 1hr shows a downtrend forming along with a break and retest of 50ema and 4h/1h resistance.
Profit target is at the 1hr support (113.30) which is above Daily key support at 113.00
