top of page
Search

USD/CHF analysis by Keon Consultancy | Mar 12, 2020

MACD trend on 4H time-frame of USD/CHF already shifted to bullish. Market tried twice to continue fall after forming AB but could not succeed. Last fall attempt made an evening star (bearish candle pattern) which was later invalidated by morning start (bullish candle pattern). ABCD100 (AB=CD) makes a confluence resistance zone with FIB 50.0 of downswing.


Here is how we entered buy position. The screenshot displays entry and exit points.

click to zoom

 
 
 

Recent Posts

See All
Gold (XAU/USD) trading plan

Return from psychological level of 3000 may give us a trading opportunity in Gold. Buyers may be taking profit and getting out, which may...

 
 
 

1 Comment


Trade Closed: Target reached

Like
  • Facebook Social Icon
  • Youtube

© 2010-25 by KeonConsultancy.com

 

 

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

 

Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.

bottom of page