Alright, my fellow chart warriors, it’s time to talk about the USD/CHF and why I think the bulls are gearing up for a serious run. ?? If you’re a bear right now, you might want to grab a seat – this one’s going to sting. Let’s dive into the charts and break it down, George style! ?? 1️⃣ The Big Picture: Bulls Are Back in Town ? Take a look at that inverse head-and-shoulders pattern from October to November. Left shoulder, head, right shoulder – BOOM! We got the breakout, and the price exploded higher. ? This wasn’t just any breakout, my friends. It was a textbook bullish reversal that flipped the entire sentiment of this pair from bearish to bullish. Now? The price is consolidating in a bullish ascending channel, and the bulls are catching their breath before the next big move. 2️⃣ RSI Says: Momentum is Healthy! ? Let’s talk about that RSI (Relative Strength Index): We’re sitting comfortably around the 56-60 zone – strong but not overbought. Translation? The bulls still have room to run. ?♂️? No sign of bearish divergence here, folks. The trend is your friend, and momentum is clearly in the bulls’ favor. 3️⃣ Key Levels to Watch ? Here’s where the magic happens: Resistance to Break: 0.8900 – This is the line in the sand. A clean breakout here, and we’re heading straight for 0.9000, maybe even 0.9100. ? Support to Hold: 0.8800 – The bottom of the ascending channel. As long as this level holds, the bulls are still in charge. 4️⃣ The Bullish Scenario: Let’s Paint the Picture ? Here’s what I see happening next: Price breaks through 0.8900 like a hot knife through butter. ? Momentum picks up as the bulls take control, pushing us into the 0.9000 zone. If we get some fundamental tailwinds (think a weaker CHF or USD strength), this rally could get even juicier. 5️⃣ The Setup: How I’m Playing This ? Here’s the game plan: 1️⃣ Buy the Dip: If price tests the bottom of the channel (0.8800), it’s a buying opportunity with a stop just below the channel. ? 2️⃣ Breakout Trade: If price breaks and closes above 0.8900, I’m adding longs with a target at 0.9000–0.9100. ? 3️⃣ Risk Management: Keep stops tight, folks. A breakdown below 0.8800 invalidates this setup. You’ve got to protect your capital. ?️ George’s Hot Take ? The USD/CHF is looking primed for a bullish breakout, and the ascending channel is just the setup we need to ride this trend higher. The bulls are in control, and unless something major changes, I’m betting on them to keep the rally going. But hey, don’t just take my word for it – the charts don’t lie. ? Are you ready to ride this wave, or are you still on the sidelines? Let me know what you think in the comments below! Stay sharp, trade smart, and as always, follow the momentum! ?? Charts tell the story, my friends. It’s up to you to listen.
Already broke even twice this week . Lost one trade . This is my trade idea for the day.
A quick outlook on GBPJPY . Potential opportunities. GBPJPY is currently trading at around 191.000 . We are looking at two possible outcomes on this pair. We are still in a downtrend on HTF (Higher Time Frames ). However if we start breaking above 191.500 we could see a reverse happening on the pair. Scenario 1: SELLS at the break of 190.400 . We broke 190.400. That would confirm sells and we could continue the downtrend and target previous lows sitting at around 188.000 flat. Scenario 2: BUYS at the break of 191.500 . We broke above 191.500 confirming the bullish flag we had on H1 and we could start reversing on GBPJPY . We would be targeting higher levels sitting at 192.500 and higher at 193.300 . Personal opition: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at the break of 190.400. On the other hand a safe buy trade could be taken at the break of 191.500. We are more on the buy side at the time of writing this. Be patient and stay tuned for updates on this pair. KEY NOTES - GBPJPY is in a downtrend on HTF however it’s showing signs of a possible reverse. - Breaks above 191.500 would confirm buys. - Breaks below 190.400 would confirm the trend continuation and further sells. Happy trading! FxPocket
Crude oil prices have come off their earlier highs after starting the day brightly following some stronger-than-expected activity data out of China at the weekend. This could be a pivotal week for the crude oil market. With key US economic data on the horizon and the OPEC+ meeting later this week to discuss oil production targets, market participants are bracing for significant developments. Persistent concerns over demand and rising supply from non-OPEC sources have pressured prices. So, unless OPEC+ makes a substantial announcement, it’s unlikely that another delay in planned production increases will offer long-term support to prices.
Hello, BICO first target is $0.62. second target and third target shown in chart. I think Target 2 and 3 is available after $0.62 reached with strong candle. Thank you
NFP numbers will be really crucial in support holding. Trade active: Entry 1.2665 SL 1.26 TP 1.3045 Good luck all!
US Oil - Crude Oil Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Change of Characteristics Demand Zone
I would have bought 104.21 as its a monthly OB. But I was late so I will wait now for it to come back to an other OB below at 86.53 if it comes. I will wait for it then long at my price. No rush. Entry, SL and Exit all there. Manage your risk! #DYOR I will update if it ever comes and fill my price. Will wait and see. Remember all my trades are spot no leverage. I buy shares and keep it.
ETH, having broken out of the top a long rising wedge, has enough momentum to propel it through the psychologically important 4000 barrier to 4400 within the week. This could eventually open the way for it to break ATH within the month of December. Exciting times for ETH holders.
Quick Take! ETH approaching possible reversal and hovering above support with bullish divergence although a bit overbought for my taste. I think I'd hold out for a bit to see where this one really starts moving. As always; minimum 3:1, trail, and keep stops tight!?? bitcoin100k #XRP #BTC #Ripple #ETH