USDCHF WILL TE PRICE BREAK THE TRIANGLE RESISTANCE OR REVERSE?

2019年3月8日

2019年3月8日

评论

This is the price outlook on a Daily chart.

2019年3月9日

评论

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

2019年3月11日

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

2019年3月11日

评论

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.

2019年3月12日

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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.

2019年3月14日

评论

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

2019年3月14日

交易开始

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

2019年3月18日

交易开始

Price has taken the direction as expected.

2019年3月18日

交易开始

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.

2019年3月19日

评论

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.