Showing posts with label USDCHF. Show all posts
Showing posts with label USDCHF. Show all posts

Saturday, May 3, 2014

Bullish and Bearish Triangular cycles completed for the EURUSD and USDCHF respectively.

 The EURUSD chart above shows the complete formation of a triangular cycle. (The triangular cycle is a new concept I had been working on) We can see that there had been a previous setup of it between Feb 12 and March 5th 2014 which delivered a measure of pips. We are also expecting that this setup would deliver pips. Price should aim to make a new high in the coming week and our last target is at about 1.4020.

USDCHF has also signaled to go short after it also completed a triangular cycle. The triangular cycle is usually kick started when market gives of a hidden divergence (A hidden divergence is a trend continuation setup). We are expecting lower prices in the new week.



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Saturday, April 26, 2014

USDCHF CONTAINED WITHIN A TRIANGLE

USDCHF as seen above broke out of its long standing bearish trendline and has consolidated within a triangle in recent times. Bullish trade signals would be sort as price hits the support of the ascending triangle within the week.


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Friday, September 27, 2013

USDCHF PRICE ACTION: USDCHF looking to make a bearish breakout

USDCHF has been on an extensive bearishness for the past two weeks and despite the fact that it has hit a very significant Psychological Support, Price Action at about that zone points to further bearishness on the pair. This expectation is supported by the pairs 4hour bullish rejection confirmation.

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Thursday, June 20, 2013

USDCHF Price Action: Pin Bar Trade Setup.June 20, 2013.

This looks like a straight forward trade setup on the pair as priced was rejected at about the 21ema forming a Pin Bar Trade setup. Expectations are for price to continue in its more dominant bearish trend. Entries would be sort at about the 50% retracement zone.


Tuesday, June 11, 2013

USDCHF Price Action: Fakey with Pin Price Action Trade Setup.June 11, 2013.

Its been a few days since I last posted any updates. No thanks to the very poor network situation I have been faced with for about a week now. It does seem everything is back to normal, but I must apologise to my numerous followers who kept checking in vain for new updates.

The USDCHF has dropped significantly from the Pin bar Trade Setup discussed on June 2, 2013. It falls even further from the fakey with Pin trade Setup from the close of trade yesterday. Price at this point is at profit taking zone however, we still could get a break of the support just below.

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Sunday, June 2, 2013

USDCHF Price Action: Pin Bar Price Action Trade Setup. Against Market Open, June 2, 2013.

 USDCHF on Thursday broke below Support subsequently, this broken support acted to resist an attempt by price to break back above therefore leading to the formation of a Pin Bar at the close of Trading on Triday and the region now considered as the new resistance. Expectation withing the week is for price to continue lower with supports at about 0.9327 region.

My Recommendations: Sell pair if price makes another failed attempt to break above New resistance.

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Tuesday, May 28, 2013

USDCHF Price Action: Inside Bar Price Action Setup pushes price higher. May 28, 2013.

 USDCHF pulled higher from its inside Bar Price Action Setup, with the pair still having room to trade higher. Price Action long entries should be sort on the lower time frames to join the bulls if you aren't long on it already.

My Recommendation: Long pair on retracement into Support as shown above if price fails in an attempt to break lower support.

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Saturday, May 18, 2013

USDCHF Price Action: The Week Ahead May 19 - May 24, 2013.


USDCHF has shown a breakout of the weekly resistance and expectation are for price to aim higher in the coming week. However, Daily Price Action Setups on rotations back into support should be the triger for new long entries.

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Saturday, April 20, 2013

USDCHF Price Action: Minor Fakey With Pin Trade Setup, April 20, 2013.

 Following the Closing Price Reversal Price Action Setup Which was Spotted on the chart 2 days ago, a Minor Fakey with Pin Price Action Trade Setup appears, complimenting the previous Trade Setup. If price manages to remain buoyant and break above the near resistance at about 0.9370, It should then make a dash towards the recent highs.

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Sunday, April 14, 2013

USDCHF Price Action: The Week Ahead, 14/04/2013-19/04/2013

Price has fallen lower following the outside bar price Action Spotted last week. There is no Key Support seen on the weekly chart till about 0.9070.


 Price Broke through minor Daily Support at about 0.9290 an indication that the recent bearishness on the pair should continue.

Sunday, April 7, 2013

USDCHF Price Action: The week Ahead, 07/04/2013 - 12/04/2013

 The weekly chart of the USDCHF has shown consistent bullish rejections. The recent bearish outside bar, complimenting the previous one just 3weeks back, could send prices lower vigorously.

We have seen great strength on the chf in recent times with traders showing great confidence in the swiss economy. The break of support at 0.9383 seems to confirm this. Expectation are for lower prices in the coming days.

My recommendation: Sell pair on pullbacks into resistance on the intraday time frames.

Wednesday, March 27, 2013

USDCHF Price Action: Breakout 28/03/2013

The pair has broken out. Further inclines are expected however, rotation back into new support area would be ideal for new long entries pending good Price Action Setups on the 4hour time frame.Join me in the Trade room to see how I intend trading this pair.

My Recommendation: Wait for rotations into support to go long on this pair.

Tuesday, March 26, 2013

USDCHF Price Action: Pin and Counter Trend Pin Trade Setup, 27/03/2013

 We have a very interesting setup on this pair. Lower prices were strongly rejected during trading yesterday and the most natural expectation, was for further incline however, we have a minor snag on the expected bullish run with the appearance of a counter trend pin bar at the close of trading today. The counter Pin bar could send prices rotating back into support at about 0.9436 where price action setups to rejoin the more dominant bullish momentum would be eagerly awaited.

My Recommendation: Stay neutral (sit on ur hands or go have some fun out doors)

Wednesday, March 20, 2013

USDCHF Price Action: Pin Bar Setup, 21/03/2013

A Pin Bar Price Action Setup has been spotted on the daily chart of the pair, confluencing with dynamic and horizontal supports. This setup could push price higher in the coming days.

My Recommendation: Buy cautiously resistance just above (0.9490)

Saturday, March 16, 2013

USDCHF Price Action: Closing Price Reversal send price lower 16/03/2013

 I did point out yesterday that this pair could have come to the end of its recent very bullish run, as a result of the Closing Price Reversal Price Action Trade Setup, from the close of the trading session the previous day. Even though it didn't appear trade-able to me, Traders did jump into this setup hence pushed price lower, breaking the trend-line and hitting but failing to break support.in the process. As a result, my expectation is for price to rotate higher in the coming days, and if price fails to break above the recent previous high, we would be faced with a massive sell-off of the pair.

My Recommendation: Wait out this scenario

Thursday, March 14, 2013

USDCHF Price Action: Closing Price Reversal 15/03/2013

Some Traders will call this the piercing line but I prefer calling it the Closing Price Reversal Trade Setup. There is a huge indication that the recent very bullish trend has come to a halt. This setup as it appears is not tradeable, but if price does rotate lower, I will be looking to rejoin the bulls at about support zone as pointed out in the chart.

My Recommendation: Sitting and watching

Tuesday, March 5, 2013

USDCHF: Hit Resistance after Fakey with Pin Setup 05/03/2013

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On February 25th, I pointed out a significant bullish setup (Fakey with Pin) Which has come off quite well. All who took advantage of this recommendation would have netted quite a large pip volume in profit. At the moment, the pair seems to have hit resistance and if it manages to rotate lower, long entries should be sort at about the near term support (0.9370) as indicated on the chart above.

My recommendation: Wait and do nothing yet 

Tuesday, February 26, 2013

USDCHF Fakey with Pin Bullish Pattern

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USDCHF closed the day with a clear rejection of lower prices after the inside bar (indecision) trade setup of friday 22nd February as a result of confluence in its support. Prices are expected to continue higher into reistances at 0.9385 and 0.9510 in the comming days.