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Thread: Usdchf

  1. #1
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    Default Usdchf

    usdchf.jpg
    2023.12.22 : (weekend),USDCHF, Pinbar
    green pinbar candle clear trend rejection at a significant level and chart low - possible trend rejection trade upward
    However : this Pinbar rejection is rare for trend changes for USDCHF one other seen 2018/09/11 so: Prepare for a likely messy consolidation 13th to 27th july 2023.
    however there is a clear rejection to move and stay below 0.85574 almost exactly the 161.8% fib of the prior swing low swing high indicating a move up end of trend.
    Holidays will reduce the volume of trades so watch for a break close and retest upward of this
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  2. #2
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    2023.12.27,USDCHF, Pinbar , high = 0.85798, low = 0.85313
    red pinbar candle clear rejection of the prior trend rejection candle indicating trend following or possible indecision at this significant level and chart low
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  3. #3
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    big red candle move dow from that indecision at the significant level and previous chart low to a new chart low - for me

    seemingly usd weakness on the monthly TF - usdollar back to 100.6 significant level
    Last edited by wizAlvin; 28-12-2023 at 12:36 PM. Reason: us dollar
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  4. #4
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    Long wicked green pinbar candle clear trend rejection at a significant level and chart low - possible trend rejection trade upward
    However : this Pinbar rejection is rare for trend changes for USDCHF one other seen 2018/09/11 so: Prepare for a likely messy consolidation 13th to 27th july 2023.
    however there is a clear rejection to move and stay below 0.8442 almost exactly the 261.8% fib of the prior swing low swing high indicating a move up end of trend.
    Holidays will reduce the volume of trades so watch for a break close and retest upward of this
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

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