It looks like the TL on USD/CHF was confirmed and price bounced, I can see some reversal candles on EUR/USD charts so I’m going with a light position (I would like to add more at the aforementioned resistance lines) @ 1.5605, target about 30pips then we’ll see.
There was a false breakout (in my book) today morning on USD/CHF M15 charts, and now it looks like we have a double top formed, this two indications could mean further slide down, which eventually means EUR/USD is going up. We’re reaching the TL formed overnight on U/C and if it doesn’t hold, I will enter with a short position.
I hope you gave some thought to the USD/CHF chart I posted in the morning, because the test I was talking about got confirmed and the price shoot up like a rocket, and it doesn’t want to stop yet. I’m in +117 profits since then and I’m considering letting it go, so I put a S/L to +107 points at 1.0436.
Looks like EUR/USD is trapped in a tight range which had an “almost-fake” breakout to the downside after the news, but trading level is back to “normal” now. I’m looking for a confirmed upside breakout because I believe we’re going higher with this pair, given that market rejected the bears attack for the who knows how many times now.
USD/CHF annoys me a bit in my bullish eur/usd view because this pair also should rise after the breakout of this formation shown on the screenshot. We’re at the confirmation point, testing the previous resistance which now should act as a support. If the test passes, the pair should rise at least 40pips, which would be a sign for further strengthening of the USD. But, Cable and Euro are both climbing higher in the early European session.
Hello gals and guys, again we begin a new trading week. After a very good last week again we have a tremendous amount of important news releases this week so I hope grandioso movements will help us make some good profits. Today not much has happened yet, EUR/USD is a bit higher, GBP/USD is lower (notice the divergence!), USD/CHF came below the 61.8% of Friday’s high and low. I will post charts and analysis in a minute, stay tuned 
Have a good trading everyone.
I like when trading tips I give out on my blog and across the internet turn out to be serious cash machines… I hope you were also able to cash in on the short trade taken on the USD/CHF and I also entered EUR/USD which came into profit lately.
We reached 38% with the USD/CHF retracement normally I would take partial profit here, but given that it’s Friday and I don’t really like to have open positions during the weekend I exited completely. There is a _very good_ chance that the fall will continue however I’m happy with this profit right now.
I don’t really like the fact that USD/CHF was pushed away from the resistance line you can see with red on the screenshot, but after a little it again raised to try to break it again… I hope it does not succeed but you have to watch closely because if it does for good (I mean not a fakeout) then we’ll up to some further USD strengthtening…
The USD/CHF pair hit a hard resistance level at 1.0400 and a retrace would mean shorting USD across the board. But maybe that won’t come until next week! Anyways it is a high probability shorting opportunity on USD/CHF because the m30 chart shooting star candle, and this resistance line. Not to mention that we’re trading at extreme overbought levels right now… I would say 77% sure trade.
I have to admit I never thought this movement was this powerful so I have to admit the loss and pulled the plug at -30 on both pairs. I will monitor closely for a place to enter again. God knows where this frenzy will stop…
I can see a trendline limit on both eur/usd and gbp/chf this is why I decided to enter the market. Bought e/u at 1.5851 and sold gbp/chf at 2.0434 and then again at 2.0441. Let’s see what happens. (Have you seen that oil is at “record” low?)
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