Rebounded Off from Resistance Turned Support Zone, Retracement channel completed, Long USDCHF, 1st December 2016

Technical Analysis and Market Sentiment: Trading Plan: Long with full risk. Stop loss placed at  30 pips below FR88.6%    . Trade was executed within market hours and  6 hrs before the next major…

Continue ReadingRebounded Off from Resistance Turned Support Zone, Retracement channel completed, Long USDCHF, 1st December 2016

Consolidation Within Major Resistance Zone, Broken Below Previous Swing Low, Retracement Channel Completed, Short USDCHF, 22nd November 2016

Technical Analysis and Market Sentiment: The dollar has been on the rise for an extensive of time and there is bound of being some major market correction when the rally…

Continue ReadingConsolidation Within Major Resistance Zone, Broken Below Previous Swing Low, Retracement Channel Completed, Short USDCHF, 22nd November 2016

Butterfly at Major Resistance Zone, Major Falling Trendline, Short USDCHF, 14th November 2016

Technical Analysis: USDCHF has reached a major resistance zone and resisted by a major falling trendline, signaling for a probable reversal or a major retracement. A butterfly was formed at…

Continue ReadingButterfly at Major Resistance Zone, Major Falling Trendline, Short USDCHF, 14th November 2016

Fake-out, Rebounding Off from Bottom of Rising Channel, Retracement Channel Completed at FR88.6%, Long USDCHF, 8th November 2016

Technical Analysis: The price was seen coming back into the rising channel after a fake-out to break below the channel. The price has also gained enough to break higher than…

Continue ReadingFake-out, Rebounding Off from Bottom of Rising Channel, Retracement Channel Completed at FR88.6%, Long USDCHF, 8th November 2016