🔍 #USDCHF Fundamental Analysis – November 20th 2018 🔍 🔸Should price action for the USDCHF remain inside the or breakdown below the 0.9910 to 0.9950 zone the following trade set-up is recommended:
Recommendation: Short Position
Entry Level: Short Position @ 0.9930
Take Profit Zone: 0.9540 – 0.9600
Stop Loss Level: 1.0060 🔸Should price action for the USDCHF breakout above 0.9950 the following trade set-up is recommended:
Recommendation: Long Position
Entry Level: Long Position @ 0.9970
Take Profit Zone: 1.0090 – 1.0125
Stop Loss Level: 0.9930
📉 +100 pips ✅ Analysis of #CADCHF 20.11.2018
The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.7520
• Take Profit Level: 0.7420 (100 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.7550
• Take Profit Level: 0.7600 (50 pips)
Possible long position at the breakout of the level 1226.00
Possible short position in the breakdown of the level 0.9900
Possible short position in the breakdown of the level 1.1420
Possible short position in the breakdown of the level 1.2820
#USDCHF dropping well as seen on the WEEKLY CHART And I Made some PIPS.
Price pushing downward since it's facing resistance at this level and it's on the weekly and monthly major supply level.
Although the trade was taken a bit late.
Stay tuned for more analysis and charts! 🙏 BANKING IT!