Hey tradomaniacs,
USD/CHF could continue its breakout in order to complete the correction❗️
Technical aspects:
1️⃣ False breakout below monthly support
2️⃣ Violation of upper Trendline and a breakout of Trendchannel
3️⃣ 5-Wave-Pattern completed heading into an A-B-C-Correction
4️⃣ MAC-D bullish divergence with equal Lows
5️⃣ High volatility at Key-Support (SL-Fishing)
7️⃣ Low open interest below key-support-zone
8️⃣ 55 EMA and 21 EMA violated and crossed
9️⃣ Momentum to the upside with chasing PoC of higher prices
Correlations:
1️⃣ CHF/JPY falling indicating CHF weakness as USD vs JPY still weak
2️⃣ DXY (US-DOLLAR-BASKET) rising due to risk-off-mood in the market
3️⃣ S&P500 as expected rejected off Trendline and tends to correct
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!
USD/CHF could continue its breakout in order to complete the correction❗️
Technical aspects:
1️⃣ False breakout below monthly support
2️⃣ Violation of upper Trendline and a breakout of Trendchannel
3️⃣ 5-Wave-Pattern completed heading into an A-B-C-Correction
4️⃣ MAC-D bullish divergence with equal Lows
5️⃣ High volatility at Key-Support (SL-Fishing)
7️⃣ Low open interest below key-support-zone
8️⃣ 55 EMA and 21 EMA violated and crossed
9️⃣ Momentum to the upside with chasing PoC of higher prices
Correlations:
1️⃣ CHF/JPY falling indicating CHF weakness as USD vs JPY still weak
2️⃣ DXY (US-DOLLAR-BASKET) rising due to risk-off-mood in the market
3️⃣ S&P500 as expected rejected off Trendline and tends to correct
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.