Open trading account 
Since the beginning of the October USD/CHF has formed a wedge. It can be always a continuation or a reversal pattern. I will be lloking for an entry in case the price breaks out of the formation. Purple lines represent previous highs and the green line is a 1.0000 level - which is definitely very significant. My take on this is that price will break out , then pull back to the new support ( current resistance ) and then will test 1.0000 mark from where we could see a significant sell off.
Armands's Blog
GBP/CHF update
This is the move that I like to see! Who doesn't?
It was caused by news release, but direction was established yesterday. I have currently 60 pip profit, SL is moved to lock in 30 pips. Price has stalled near previous highs, also at a round number 1.5300 .In my opinion this is just a consolidation before it proceeds higher, as there is plenty of space. There are also news coming out later today which will affect $ and therefore this pair too. That is the reason why I have my SL moved to thi…
It was caused by news release, but direction was established yesterday. I have currently 60 pip profit, SL is moved to lock in 30 pips. Price has stalled near previous highs, also at a round number 1.5300 .In my opinion this is just a consolidation before it proceeds higher, as there is plenty of space. There are also news coming out later today which will affect $ and therefore this pair too. That is the reason why I have my SL moved to thi…
GBP/CHF
Long time since I posted here! 2 months. Was busy moving to UK. Enough about that. Time for some trading ideas.
This one goes for GBP/CHF. Depending on where the opening price will be we should see a sell-off to take out either of two lows marked with white ellipses.
I have two solid reasons why those two levels might be a strong support. At first let's take a look at the huge green breakout candle. Price clearly was pushed through the previous high. Note that thi…
This one goes for GBP/CHF. Depending on where the opening price will be we should see a sell-off to take out either of two lows marked with white ellipses.
I have two solid reasons why those two levels might be a strong support. At first let's take a look at the huge green breakout candle. Price clearly was pushed through the previous high. Note that thi…