Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
USD/CHF parity zone in sight
2019-11-11 • Updated
The pair is on the way to reach the parity zone across the board, but the resistance level of 0.9977 has been strong. From such area, USD/CHF has been making a corrective move which could allow more losses towards the Fibonacci zone of 50% at 0.9855. Around that level, we can expect an advance towards the -23.6% area at 1.0034, which should strengthen the bullish idea in a short-term basis.
RSI indicator is entering the neutral territory, calling for sideways in coming hours.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...