www.varchev.com

Forex: USD/CHF with "sell" opportunities but only after a key resistance test

Rating:

12345
Loading...

USD/CHF

Time frame: H4, D1

Technical Analysis: The chart shows that the price has created a new short-term downward trending channel, and at the same time the pair is about to form our well-known figure "Head and shoulders". Once the price reaches the channel's resistance (yellow trend line), the formation will be completed, and sales will be more likely.

Indicators: For the time being, the price is over 50 and 200 EMA, and they play a role of short-term support.

DeM - Moves around over-bought values, and when the trend line is reached, the price will have 3 consecutive higher highs, and the indicator will have recorded 3 consecutive lower highs (Divergence).

Entry into Deal: Only after Trend Channel Resistance Test.

SL: 1.0060

Alternative scenario: In case of breakthrough the yellow and red trend lines, the price will continue to increase to test the previous highs.


 Trader Milko Zashev

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy