chongyinliang

USDCHF more downside??

FX:USDCHF   Dolar U.S./Franc Swiss
After the previous impulse bearish move downwards, price has been forming a corrective structure. The corrective structure has (1) completed the minimum 3 waves structure for a corrective move and (2) tested the blue rectangle resistance area . Hence, we could expect another move down to the lower blue rectangle as marked.

2 possible scenarios:
1) Price breaks ascending trendline
2) Price re-tests blue rectangle resistance area (5 waves structure) before heading down

If only either of the 2 above mentioned scenarios happened, I would be looking for a short trade. If not, this set-up would be invalid and the pair would be re-evaluated again.
Komen: Sorry, bias is short. Forgotten to indicate direction.
Komen: Price has bounced off resistance area. Will be looking to short on break of rising trendline.
Order dibatalkan: No trade. Price bounced off resistance, and then bounced off rising trendline before breaking resistance area aggressively.
Komen: Could have shorted when price broke the trendline and formed a corrective structure but this did not go according to plan. Was a good opportunity..but opportunities are everywhere! Let's move on to the next one!
Bahasa Melayu
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar