forex Ayesha Chart Art: Short and Long-Term Setups on EUR/USD and USD/CHF

Ayesha Chart Art: Short and Long-Term Setups on EUR/USD and USD/CHF

It is Wednesday, my dudes! Get over the mid-week hump by trading not one, but TWO major dollar pairs today.

Specifically, we’ll look at a triangle on USD/CHF and a breakout situation on EUR/USD.

Get ’em while they’re hot!

USD/CHF: 4-hour

USD/CHF is knocking on the .9375 handle, which has been supporting the dollar since mid-June.

Thing is, the pair is also clocking in lower highs on the 4-hour time frame. We’re looking at a descending triangle during the downtrend, yo!

You can take advantage of the .9375 support by buying at current levels until it reaches the descending trend line or breaks above the resistance. .9450 and .9475 look like legit targets if you’re into buying the dollar these days.

If you think that the dollar’s downtrend will get fresh legs, however, then you can also wait for a clear break below the triangle support and then target areas of interest near .9325 or .9250.

EUR/USD: Daily

Unless you’re too busy Googling why your nieces are talking about a “Timothée Chalamet” all of a sudden, then you should know that EUR/USD has finally broken above the closely watched 1.1400 handle.

Think we’re seeing a legit upside breakout? The 100 SMA crossing above the 200 SMA should be good for the bulls especially if they’re looking at 1.1500 and 1.1550 as initial profit targets.

If you believe that the euro can’t possibly trade that much stronger than the dollar, however, then you can also bet on the move being fakeout. Just wait for EUR/USD to (consistently and clearly) trade below 1.1400 again and then aim for retests of the 1.1200 and 1.1125 previous areas of interest.

Add Comment
forex
Monday, July 6, 2020

Share

Like

G+

Tweet

Tweet

Related Posts

Next Last Home

Weekly Posts

  • Jen January Brings Resolutions and Reflection – and Divorce
    Every year, the number of couples filing for divorce increases between the months of January and March. The question is: why do so many cou...
  • Malia Say Goodbye with Love
    Our challenge in starting over is to release our pain with forgiveness, understanding, gratitude, and trust. Without a complete understandi...
  • Chloe Microsoft Pre-earnings Momentum Trade
    October 1, 2017 msft trademachine Microsoft has earnings due out on October 26th, 2017, after the market close, according to Wall...

Label

  • adult
  • casino
  • coins
  • dating
  • forex
  • healthy
  • movies
  • option

Contact

Name

Email *

Message *

Copyright © 2020 my mini blog All Right Reserved
Created by My mini blog | and Janson McClintock