Here I have USD/CHF on the 4 Hr Chart!
After its failed attempt to break Higher at Point B, I believe we will be looking for price to Break Confirmation of the possible Correction Wave @ .86061 to continue Lower to possibly the .84950 - .84459 area!
INVALIDATION is @ .86849
After its failed attempt to break Higher at Point B, I believe we will be looking for price to Break Confirmation of the possible Correction Wave @ .86061 to continue Lower to possibly the .84950 - .84459 area!
INVALIDATION is @ .86849
Transaction en cours:
Price make a Break-Out attempt which turned Fake-Out!
After price came back down underneath the Falling Resistance AND the LOWER than expected data for ADP Non-Farm and Employment Index was enough to enter a Sell Entry @ .8620!
SL @ .8640
After price came back down underneath the Falling Resistance AND the LOWER than expected data for ADP Non-Farm and Employment Index was enough to enter a Sell Entry @ .8620!
SL @ .8640
Commentaire:
If you missed the Breakout!!
Don't Worry! We will be looking for price to Retrace to give us another entry opportunity being the B/C Level!!
Stay Tuned!
Don't Worry! We will be looking for price to Retrace to give us another entry opportunity being the B/C Level!!
Stay Tuned!
Commentaire:
Price has made a substantial Pullback to the Confirmation!!
Fibonacci Levels have me looking for a Sell Entry in the Zone Range between
.86019 - .86098!!
Fibonacci Levels have me looking for a Sell Entry in the Zone Range between
.86019 - .86098!!
Transaction en cours:
Beautiful rejection off the Confirmation area near .8600
Sell Entry @ .8600!
Sell Entry @ .8600!
(ADP Non-Farm, FOMC, Funds Rate, Average Hourly Earnings, Unemployment)
USD is JAM PACKED with events this week with analysts forecasts seeming to be leaning more towards the BEARISH side.