usd chf update basis on the recent price action

I have continously mentioned in my posts that we should look to find out "context" which is highly important in deciding the faith of a trader and the next predicted Move .

This type of trading give you an edge over other "mechanical systems" where the focus is totally shifted on any predetermined indicator's value.

The reason I have mentioned before putting an update is because pattern was repeated in "sterling" chart, I mentioned last time I update the blog. Sign of "strength" is always when we see "accumulation" at the lows and then we saw breakouts followed by protected levels.

but when we see continuous highs and and Price holding higher prices, the it is totally could be the case of "accumulation" on the moving markets and Friday we have seen buying at low levels as well.

Update of franc chart tells us another move could be strong

I have mentioned all the important factors in this chart, which could lead to strong moves and I have not mentioned any support because there is not a sign of strong liquiation and that is in itself a sign of extreme strength, but one should not see panic in the mind of traders otherwise that imbalance that has been created would disappear,

Little update on the chart as I discuss earlier , recent activity does tell us that price is still moving in the accumulation period and any strong selling here and momentum arrives again then we should fade that liquidation.

Check the update chart !

does candlesticks pattern is the only way to locate trades

Here, I would really feel sorry for those who look to relying on base candlesticks patterns to find trade location (even though they have importance but overall context is necessary).

Sometime we try trading those patterns with small stops in rangebound or trending markets but they have least importance while price is ranges.

There are two type of basic rules in trading when you trade and one of them is breakout and other one is fading the breakout and candlesticks patterns plays an important role which breakouts are there to trade and which one are to fade out.

Candlesticks charts are least important pattern in trend recognition

I have post a chart of pound where I have discussed all the important factor to how to trade a reversal . There are few points I have clear that even though prior accumulation and strength of trend was immense but it takes a day to reversal to happen and that is what we all needed to look out for such patterns for an Intraday trade.

We have few basic bullish engulfing patterns, one at the top of the chart and other one happened just today followed by strong selling.

Just take a look at the chart below !

Price can advertise higher without even testing the shift in value

I will discuss today how you can spot value in different cases, specially when we see strong breakout and price consolidates (accumulates) before. The important point to note is even price can still hold higher prices after values shifts and without revisiting the area

And when price revisits the area it can easily go beyond that location and create a false trap and start building the new accumulation area and then we see rapid moves to the direction it break out earlier.

spotting value is not easy for Intraday setups

It is not easy to spot any change in value but when we see some breakouts and price start building and spent most of the daily (80%) of daily activity at higher prices after change in vlaue and hold higher prices, then we need start thinking of the next step that strong or weak holders take, because if that breakout is done by weak holders than it will start liquidation immediately but if it the smart money who is making moves they will start building their position at value areas

Usdchf Update as discussed earlier on !

I have continously mentioned in my posts that we should look to find out "context" which is highly important in deciding the faith of a trader and the next predicted Move .

This type of trading give you an edge over other "mechanical systems" where the focus is totally shifted on any predetermined indicator's value.

The reason I have mentioned before putting an update is because pattern was repeated in "sterling" chart, I mentioned last time I update the blog. Sign of "strength" is always when we see "accumulation" at the lows and then we saw breakouts followed by protected levels.

but when we see continuous highs and and Price holding higher prices, the it is totally could be the case of "accumulation" on the moving markets and Friday we have seen buying at low levels as well.

Update of franc chart tells us another move could be strong

I have mentioned all the important factors in this chart, which could lead to strong moves and I have not mentioned any support because there is not a sign of strong liquiation and that is in itself a sign of extreme strength, but one should not see panic in the mind of traders otherwise that imbalance that has been created would disappear,

Little update on the chart as I discuss earlier , recent activity does tell us that price is still moving in the accumulation period and any strong selling here and momentum arrives again then we should fade that liquidation.

Check the update chart !

Comparison between two charts for Best of trade location

Here I would like to mention not only about how patterns repeat (not chart or any other technical patterns)

But real trade location which advertises trading opportunity specially in forex when demand overcome supply and vice-versa.

Take a look at the Chart of Great Britain Pound

I will update the usd/chf chart later on the day. Possible trade scenario for the next and if it goes right we can book some good profits

Nice weekend and Happy Memorial Day in Advance to all my followers

usd/chf update Are they really buying at low levels.

Here I got a clue of Usd/chf buying at low levels

Take a look at the chart !

Trading is an art , not a science and don't need to win anybody's heart by looking for trade locations as it will remain within you and your confidence level.

If you always look out for such neutral activities after the strong breakouts and low tempo then don't make a mistake of trend reversal untill price break the floor.

Usd/cad possible trade location is at the low correctional bottom

When we look for "context", then we should look at the recent price action and what it is trying to attempt , and that chart tells us that strong trend reversals has few points to consider and sideways action is totally good idea to short the rally or attempt to break and failures are the other ones.

Strong elongated candle from the lows and it was multi- month low and also it followed no trade location which could mean that smart people are looking to sell rallies in the pair.

But the area which is mentioned "Extreme Supply", in the chart is an area where we should look to buy the pair as this sideways action could be a part of accumulating the recent supply from lows. I am short on the pair but only time will tell and my stops are place at 1.0940 area

Price action is very difficult to read sometime but the logic of trading should be right and there should not too much inclusion of indicators or even so many views should be taken, because trading is an approach and till you are not able to accept your strong points and weak points, it become totally impossible to trade any market

All the filters should be checked (not all the indicators), such as market sentiment, profile and current demand for the subsequent pairs and then one should start trading the way market tells you to trade.

Brief Explanation of Price Action Correctional bottoms

When we see, correctional bottom in strong trend and liquidation is so heavy that price start "Gravitating" towards the high, and break above it but after that we saw some strong attempts with strong bullish candles, which faded away lately and break below the correction bottom and then another break found new low.

Price action suggest to short around 1.0910 area and it was good rally to the bottom but still we should look to sell rally till price is below the supply area.

Good luck, let see what happens with the pair !