Interestingly enough!.. we have something also developing on GBPUSD.. I am getting my attention there for now and leaving usdchf alone..

I have these resistance bands in place..

will use the 2% for the trade..

would go for +25/+45/+100 targets. place i enter so closing/capturing some profits..

No - Signal yet so waiting for now.

Guyver

Wooha!.. it started moving earlier than i though..

I have put RSI for below 30 ( important enough-- at least below 40 lvl and STO / WPR down ).. but more importantly i am looking for S/R levels here for this trend to stay intact .. should hold above 1.0586/80 lvl.. How do you enter depends on the system ... this is typical fibo trading.. with the help of Elliotwave analysis. I mean we do have a 5 wave up but this could be a (small c ) wave as well..

I trade GBPUSD these...

Guyver

yep , it's been some time i posted on this blog.. i was away doing some non-forex work.!

anyways.. here is a setup i am looking for currently..

USDCHF..
i am looking for some pullback in price with RSI 13 reaching below 30 Stoch will follow and if WPR also does much better... Question would be will the trend stay intact?.. Will see when that happens..

There are many ways of trading fibonacci.. i am using one method here .. many could be find...

Guyver

Camarilla Pivots H7..H1 & L1..L7 indicator is on this post.

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