HIGH QUALITY DEMAND ZONEprice is at high-quality demand zone on weekly, expecting a good bounce today and if today closes bullish then look to buy a pull back into new demand for a long term trade.
CHFPLN trade ideas
aggresive buy setup in daily demand zoneprice is inside a daily demand zone and with a buy setup candle. more confirmation trade can be taken upon breaking of the trend line.
CHFPLN: Long opportunity within a 1D Rectangle.The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098).
At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if the previous bottom is repeated). Our Target Zone is 4.04000 - 4.05500.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
CHFPLN Sell SignalPattern: 1D Rectangle.
Signal: Sell as the price is near th 4.0500 1D Resistance.
Target: 3.9910 (the 4H Support).
CHFPLN potential reversal!
CHFPLN expected to rise up to 1st resistance at 4.0451 where it could potentially react off and drop down to 1st support at 4.0247.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFPLN bounced from support, potential for a further rise!
CHFPLN bounced off 191.11 where it could potentially rise further to 371.18.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
#CHFPLNSupport and resistance are identified
The green areas are Target
Pink areas are strong
Time range specified
Channel prices have broken
High Risk Reward CHFPLN SHORTCHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
CHFPLN Buy SignalPattern: 1M Ascending Triangle.
Signal: Bullish (1D Support).
Target: 3.8200 (1D Resistance and 0.5 - 0.382 Fib level).
CHFPLN Sell SignalPattern: Rectangle on 1W.
Signal: Bearish if it tests the Resistance again.
Target: 3.705.
Previous Target hit. Trading suggesting within a Triangle.The last long TP = 3.81038 was hit and shortly after CHFPLN has started a sharp decline on 1D, which has evolved into a Descending Triangle (RSI = 44.646, STOCH = 47.472). The Highs/Lows = 0.0000, MACD = -0.008, B/BP = -0.0069 indicate that the 3.67500 support will be tested again before a new Lower Low near 3.7000 and a final test of the support before the pattern breaks out. We will trade accordingly.
CHFPLN Buy IdeaCHFPLN Buy Idea @Monthly Demand Zone (3.4571 - 3.3641)
Buy Limit: 3.4588
Stop Loss: 3.3390
Take Profit: 3.6983
1D Channel Up. Long.CHFPLN is on a strong 1D Channel Up (RSI = 58.946, MACD = 0.025, Highs/Lows = 0.0179, B/BP = 0.0545), rising after making a Higher Low at 3.66326. We are going long with TP = 3.81038 (previous Higher High).
CHFPLN Buy IdeaCHFPLN Buy Idea @Daily Demand Zone (3.5281 - 3.5081)
Buy Limit: 3.5281
Stop Loss: 3.5058
Take Profit: 3.5598
CHFPLN Sell IdeaCHFPLN Sell Idea @Daily Supply Zone (3.5546 - 3.5688)
Sell Limit: 3.5546
Stop Loss: 3.5755
Take Profit: 3.4933
CHFPLN Long Term BUY OPORTUNITYAs we can see, market is forming Head and Shoulders pattern. As the price breaks the neckline, there is big chance, to attack even our ATH.
CHF / PLN - possible upbreakIf the downtrend on stock exchanges does continue the break gets even more probable
CHF/PLN may find a near term support.It has to be said, that 2017 was a very good year for the Polish Zloty. One reason is the strong global risk sentiment but
strong Polish economic numbers and the change in government has also played a role.
Regardless of how you feel about the Emerging-market currencies and CHF/PLN in particular, one could argue that they are getting close to a bounce. It may not be the ultimate low, but I think value players will be looking soon at these currencies.
Disclaimer: I have no CHF/PLN position, but may initiate one in the coming days.
3.733 - 100% tpThis is not a call to place a trade, but a guide.
You can start building your position according to your MM & your strategy.
Bigger retracement (up to 4 daily ATR) = more money. Target will be hit 100%.
