The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a few thoughts to consider.
USD/CHF: the USD is strong
2019-11-11 • Updated
Recommendation: BUY 0.998 SL 0.9925 TP1 1.008 TP2 1.013 TP3 1.0225
On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns. They comply with the 1.0130 and 1.0225 levels. The previous resistance acts as the main support for now.
On H1, the price is moving within the upward channel. Bulls are controlling the situation. Buy USD/CHF after the bounce from the key support levels at 1.0025, 0.9980 and 0.9950.
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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...