USDCHF WILL TE PRICE BREAK THE TRIANGLE RESISTANCE OR REVERSE?
Kommentar:
Price has closed on Friday with a retracement of almost half the move away from the triangle resistance.
Price has closed on Friday with a retracement of almost half the move away from the triangle resistance.
Kommentar:
Waiting for how the Daily candle looks when close today for indication of reversal patterns
Waiting for how the Daily candle looks when close today for indication of reversal patterns
Kommentar:
Price has breached the bullish trendline, but the forming candles shows the signs of re entry into the trend line. Wait for the close for confirmation of a bearish or bullish bias.
Price has breached the bullish trendline, but the forming candles shows the signs of re entry into the trend line. Wait for the close for confirmation of a bearish or bullish bias.
Kommentar:
Price went on to re-testing the high (around the red box) which could be a double top formation. Although it will be a valid scenario if price happens to break the trendline and move bellow the double top neckline.
Price went on to re-testing the high (around the red box) which could be a double top formation. Although it will be a valid scenario if price happens to break the trendline and move bellow the double top neckline.
Kommentar:
The price broke the trend line as expected and keeps on the down trend toward the channel resistance.
The price broke the trend line as expected and keeps on the down trend toward the channel resistance.
Trade ist aktiv:
I have activated a position in anticipation of a bearish continuation toward the channel resistance, and further bellow it after the current retracement
Trade ist aktiv:
Price has taken the direction as expected.
Price has taken the direction as expected.
Trade ist aktiv:
Although, there is currently a pause with price making an exhaustion candle. I will look for signs of reversal to get out of my position.
Kommentar:
Signal of reversal not yet materialized, although price is in a pause, but I am expecting for it to resume it's course toward the channel support. Watch out for reversal confirmations though.
Signal of reversal not yet materialized, although price is in a pause, but I am expecting for it to resume it's course toward the channel support. Watch out for reversal confirmations though.
This is the price outlook on a Daily chart.