The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a few thoughts to consider.
USD/CHF: bears are confused by a triangle
2019-11-11 • Updated
Recommendation:
SELL 0.9775 SL 0.983 TP1 0.9675 TP2 0.964
BUY 0.9925 SL 0.987 TP1 1.0025 TP2 1.0145
On the daily chart, USD/CHF bears managed to lower the pair below important support at 0.9880-0.9890. They are focused on testing the lower border of an uptrend channel. The presence of a triangle means that to continue the way down the pair has to go below support at 0.9775.
On H1, to resume the rally bulls have to form a double bottom and then return the pair inside the uptrend channel.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...