Chf DOWN for at least few daysMoving DOWN for few DAYS (Retracements) before continuing long term upmove....
SXY trade ideas
SXY- Swiss Franc Technical Analysis for WC 28-10-2019The Swiss Franc failed to capitalise on its breakout on the 17th of October which saw the Index jumped from 100.5 to 101.8. The Index started last week's trading session on a slippery path after the price gap to the downside and continued its downtrend to the end of the trading week ending at 100.5. Major support is at around 100.5 at the bottom of the price channel which could provide some relief and potentially push the Index back up. Support awaits at 100.2 if it fails at 100.5
SXY [CHF index] - False breakdown with Head and Shoulder (H4)* 50% for all predicting.
- Weekly: pinbar
- Daily: False break with Real Divergence at MACD-H and RSI.
- H4: a long signal at H4: break up the consolidation line.
SXY (FRANC INDEX) VERY LONG TERM VIEW a perfect picture of the franc currency
positively affects all CHF pair trades
SXY - CHF IINDEX Expect to return Price channel [DOWN]- Daily: false break?
H4: Hear and shouler & Divergence
- H1: Megaphone pattern
Swiss Franc Index Sell - Divergence, StopHunt, RestestIn this set up we see the following:
Divergence
Stop Hunt
Break Of Structure + Retest
Looks like a Great Opportunity to Short The Swiss Fran Pairs.
ALL Glory Be To The MOST HIGH!!!!
SXY - Potential Long EntrySXY - Looking to go long next week if I get the right trade entry signal :)
Swiss Frank Weekly ForecastUsing Elliot Wave Theory, I believe we are getting ready for the last correction phase.
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Thoughts for Franc revisitedI see a possibility for a full retrace for Fran but will not know until I see a rejection from the 200 EMA as resistance. I am hoping for a full 1-5 impulse move, instead of a shorter ABC correction. We will see =)
