USDCHF is inside a uptrend chanel since the 23 January in bottoming 27 Jan, and the high from 20 February, and also the bottom from friday 20 Feb.
This chanel is 1.1884-1.1460 = 424 pips
If the canal is breaking by the upside, the theoric target is going to be 1.1884 + 424 = 1.2308
If the canal is breaking by the downside, the theoric target is going to be 1.1460 - 424 = 1.1056
Trend is still on the upside, but the last daily candlestick is not very nice.
We can break by both side as the market is very unstable at the present time.
If we break to the downside which is what i am thinking, the taget is 1.10 and the support would be seen at 1.0550 on the long uptrend support.
On the upside le first target will be at 1.2296 high from last 21 November 2008, and then 1.3250 area.
On the weekly chart, the pair seems to be capped by the EMA 200 and market formed dojis.
We have to wait to see from which side, the rate are going to go out from the chanel to know where we are going
Be Long at 1.1884 SL 1.1560 target 1.2308
Be short @1.1460 SL 1.1734 target 1.1020
This chanel is 1.1884-1.1460 = 424 pips
If the canal is breaking by the upside, the theoric target is going to be 1.1884 + 424 = 1.2308
If the canal is breaking by the downside, the theoric target is going to be 1.1460 - 424 = 1.1056
Trend is still on the upside, but the last daily candlestick is not very nice.
We can break by both side as the market is very unstable at the present time.
If we break to the downside which is what i am thinking, the taget is 1.10 and the support would be seen at 1.0550 on the long uptrend support.
On the upside le first target will be at 1.2296 high from last 21 November 2008, and then 1.3250 area.
On the weekly chart, the pair seems to be capped by the EMA 200 and market formed dojis.
We have to wait to see from which side, the rate are going to go out from the chanel to know where we are going
Be Long at 1.1884 SL 1.1560 target 1.2308
Be short @1.1460 SL 1.1734 target 1.1020
Aucun commentaire:
Enregistrer un commentaire