USDCHF WILL TE PRICE BREAK THE TRIANGLE RESISTANCE OR REVERSE?

8 мар. 2019 г.

8 мар. 2019 г.

Заметка

This is the price outlook on a Daily chart.

9 мар. 2019 г.

Заметка

Price has closed on Friday with a retracement of almost half the move away from the triangle resistance.

11 мар. 2019 г.

Заметка

Waiting for how the Daily candle looks when close today for indication of reversal patterns

11 мар. 2019 г.

Заметка

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.

12 мар. 2019 г.

Заметка

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.

14 мар. 2019 г.

Заметка

The price broke the trend line as expected and keeps on the down trend toward the channel resistance.

14 мар. 2019 г.

Сделка активна

I have activated a position in anticipation of a bearish continuation toward the channel resistance, and further bellow it after the current retracement

18 мар. 2019 г.

Сделка активна

Price has taken the direction as expected.

18 мар. 2019 г.

Сделка активна

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.

19 мар. 2019 г.

Заметка

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.