Beat the enemy plan before its made :)
- Post #5,623
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- Nov 20, 2019 11:59pm Nov 20, 2019 11:59pm
Sell USD/CHF | Nov 21, 2019
This is the same gartley as we showed in previous analysis of USD/CHF. The nearest target this time is FIB50.0 of whole upswing because all other targets such as ABCD100.0 & abcd100.0 are beyond it.
Besides gartley, we have bearish grabber pattern. Yesterday's candle penetrated trend predictor (red line) but closed way below it, which makes it a bearish grabber. The grabber suggests at least taking out of recent low. Even if price falls to recent low, we'l have sufficient pips in hand to move SL to BE and still keep some room for upward retracement before reaching the FIB50.0.
Here is what we looked on H1 time-frame to enter sell position.
This is the same gartley as we showed in previous analysis of USD/CHF. The nearest target this time is FIB50.0 of whole upswing because all other targets such as ABCD100.0 & abcd100.0 are beyond it.
Besides gartley, we have bearish grabber pattern. Yesterday's candle penetrated trend predictor (red line) but closed way below it, which makes it a bearish grabber. The grabber suggests at least taking out of recent low. Even if price falls to recent low, we'l have sufficient pips in hand to move SL to BE and still keep some room for upward retracement before reaching the FIB50.0.
Here is what we looked on H1 time-frame to enter sell position.
- Post #5,624
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- Nov 21, 2019 8:44pm Nov 21, 2019 8:44pm
USD/CHF, alternative scenario | Nov 22, 2019
H1 time-frame:
Buy stop can be set above B with nearest target at D shown in graph below. If you lose in sell (of previous scenario), you can recover on this buy trade, make sure to adjust lot size because this trade has less pips.
When a global tension like US-China trade deal eases, safe havens such as CHF & JPY lose.
CHF has been losing since China Vice Premier Liu He spoke yesterday. USD/CHF gained not just for a time being, but it actually held gains of Asian sessions and kept gaining till closing of Nov 21, that made the daily/D1 candle close above trend predictor (red line).
This economical news, change of trend and harmonic scenarios on D1 & H time-frames are more likely to work as the external factors that will lead to bullish continuation.
Daily time-frame:
H1 time-frame:
Buy stop can be set above B with nearest target at D shown in graph below. If you lose in sell (of previous scenario), you can recover on this buy trade, make sure to adjust lot size because this trade has less pips.
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- Nov 22, 2019 11:42am Nov 22, 2019 11:42am
- | Joined Apr 2011 | Status: Member | 1,305 Posts
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- Nov 22, 2019 1:54pm Nov 22, 2019 1:54pm
Whether you think you can, or you think you can't,you're right. H.F.
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- Nov 23, 2019 3:32am Nov 23, 2019 3:32am
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- Dec 2, 2019 7:49am Dec 2, 2019 7:49am
- Joined Sep 2019 | Status: Member | 186 Posts
Posted by Oleg Alexandrov, market analyst
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- Dec 7, 8:09am (26 hr ago) Dec 7, 8:09am (26 hr ago)
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- Joined Sep 2017 | Status: BTMM,CONTRARIAN,MARTI TRADER | 1,137 Posts
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