USD/CHF

Shorted Tier 1 USD/CHF here at .9085.

Stop: Close above .9135 on Daily.

Looking for .895

The USD/CHF will rock. I don't think Short is a good one for it. Hold Long 2 lots since 0.9034.

Nice long, I didn't bother w/ long since it's in a downtrend. With that being said... it's moved up about 300 pips into a respectable resistance level, I expect moderate sell off. I'm also going w/ the trend overall, while having risk management.

End of the day... just a trade.

GL on your long, I would definitely scale out a little bit here and trail the rest.

Thanks for you advise. Good Luck to both of us.

got more upside yet....im looking to exit at the top of the range at 0.9250. weekly chart is bullish and appears to have bottomed

Starting to see a lot of rejection at this level today.

Still got my shorts... We are seeing a bit of resistance here, so my original thesis was confirmed. I'm thinking if I'm long... it's definitely good idea to take some profits around .91, which should alleviate a bit of buying pressure overall.

So far it still hasn't shown a confirmed reversal pattern yet as there are still buying pressure protecting prior day low. If I see legitimate white flag below the low, we should get a ride down to .905 at minimum, however if shorts wave the flag first, I will be wrong if closes above .9135.

GL

I'm looking for retest at the 9120 area before shorting to 9000 area and 8940

I'm flat @ .901

GL everyone.

building long positions again starting from 9022
will buy every 50pips down

Agree and for long term, unless drop below 0.9000

closed my longs with minor profits.
I don't like the PA
Will get in mid 89 and lower

.9 = natural level

50% retracement = .8962.

61.8% = .8925

All possible areas to build a long.

Selling pressure is great now.I will wait at lower levels for longs.
Price failed to break guppy slow moving MA's clearly got rejected.
regards

I am expecting a huge downtrend in the monthly chart , a clear Head and Shoulders pattern , and the broken neckline has confirmed the validity of the pattern. So I think we will be going down in the following months. And yes when we go to lower timeframes , now the price is on a significant support level ...

Time will show everything ...

Entered long 2x at 8990
Limit longs 2x at 8960
Limit longs 2x 89

yup my friend just started building around .9 will continue to build lower. Do we close on a daily close below the lows? I think that would be the uh oh moment for me other than that I would feel real confident continuing to build my position

@davit - where can i locate the news indicator you have in the bottom left of your window?

Though I want to be a little long down here, but I seriously didn't like how there was no respect @ 0.9 at all... I think at this point for me... I will stay on the side lines until it shows me clear signs of buying above .9.

Thus...I will not be initiating any longs below .9.

GL

I know monthly charts are just too big for most of us , but it is a good way to see pure trend direction in bigger timeframes , and when we look at the monthly chart on USDCHF we can see a nice Head and Shoulders pattern with the bearish formations ..

http://img30.imageshack.us/img30/4664/pntd.png

On the other side I used circles in order to understand the structure of the bearish trend which started almost 12 years ago , and what I can see now is a significant circular support is broken and the price is sinking down to form a circular double bottom. Here are the screenshots for it...

http://img513.imageshack.us/img513/2807/jk9f.png

http://img20.imageshack.us/img20/8285/iny3.png

And I marked the energy points which are possible to be touched by the price in the future. All of the scenarios I can produce by using the energy points are foretelling about a bullish trend up to 9450-9500s. But there is just one extra scenario which seems to be the most possible : continuence of the downtrend until the price forms a circular double bottom around 7950-8000s. This target almost fits to the target of HS pattern. Time will show everything but even DXY measurements confirm this down trend. I do not know what the fundamentals will be , but all I can see is a weakness in USD in the following months.

Regards...