Forex Market Analysis – USDCHF possible SWING!!
price has been consolidating for per week after the large impulse to the upside 2 weeks ago,now im waiting for the enxt impulse to start and break the 2h structure range placing a buy stop also we see a see a strong rejection and five shadows formed below the 127% weekly and 23rd daily Mp
In oTher View Point – Let’s buy this puppy… with confirmation!!
USDCHF has failed many times around the 1.0200/1.0300 area and maybe currently it’s ready to go. so far the USD has been beat up to start the week but it could also just be a nice probability to buy some dips and get long once more this pair. i am looking at these entry details: BUY: as always looking for trend line breaks to confirm the buy, however liking 1.0130/40 area to start buying STOPS: longer term you should have them below parity, short term keep stops tight below 1.0100. TARGET: 1.0220 and 1.0330 AND 1.0500
In Another View Point – Bearish Butterfly Pattern on USDCHF
There´s a possible short chance for USDCHF. The initial target should be 0.995 6 trading Rules : one. never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit three. think like a fundamentalist, trade like a technician . 4. Keep your analysis simple five. start small and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade Happy trading this week !