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: bulls rebuffed an attack
2019-11-11 • Updated
Recommendation:
BUY 0.9610
SL 0.9555
TP1 0.9710 TP2 0.9750 TP3 0.9795
On the daily chart of USD/CHF, bulls managed to keep the pair from returning inside the downtrend. The pair formed a doji bar. Advance above its high and resistance at 0.9611 will giver buyers hope for growth to 88.6% and 224% of the “Shark” and AB=CD.
On H1, a pullback from the lower border of the uptrend channel within the “Spike and reversal with acceleration” shows that bulls have strength. Advance above resistance at 0.9610 will increase the odds of AB=CD pattern.
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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...