duca
at times i am glad to see traders use bband in their trading methods.
what is your ma used in the chart?
p.s. mine 10 ma. looking for closing cross 10 ma and bottom inner-lower band to buy on monday.
Further recovery could still be seen in USD/CHF. But upside is expected to be limited by 0.9089 support turned resistance to conclude the consolidation from 0.8930 and bring fall resumption. Break of 0.8930 will extend recent decline to 100% projection of 0.9594 to 0.9089 from 0.9300 at 0.8795.
AUD/CHF is seen going down.
H1 is in the BB lower zone with histogram under 0. Watching for H1 break down.
H4 is also in BB lower zone.
Daily so far overall showing downtrend context.
This is what I saw on H4 GBPCHF. Its not that clean of a pattern. Please tell me what you think. And place your millions of dollars so this pattern could play off
This is what I saw on H4 GBPCHF. Its not that clean of a pattern. Please tell me what you think. And place your millions of dollars so this pattern could play off
Ignored
Come on market. Push! Push!. Push like the Pregnant whore that you are.
Can the last current candle on the Daily timeframe (09/12) be considered as a hammer if the candle close this way? Or it has a too small low maybe a high too big?
The second question is, about the orange line that I draw. Can it be considered as a valid weekly resistant level in wich the current candle is finding support?
4 hours
From its high around 0.9490 on the 16th of November, the USD/CHF has been dropping steadily below a bearish Fibonacci fan to the support level around 0.9244, which stopped further losses and forced the rate to move into a sideways trend between this level and the close resistance around 0.9285, while the Stochastic is set to predict wins and the Momentum is stagnating. As a result a continuation of the sideways movement is more than likely.
we can see a bullish 5-0 pattern in H4. we are expecting to see the price climb if the demand pressure comes in, due to time fulfillment. the failure is clear if the 1.4930 area breaks lower.
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Joined Nov 2012
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Status: Account Deactivated
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Bullish engulfing price action off of monthly pivot resistance and classic support. Likely a good buy opportunity; bar closes in 4 hours for my broker.
