[11/5 Morning USD/CHF] Moves within the range 0.81267 to 0.82103, ending Wednesday around the 0.817s — Market structure and near-term targets seen on LIGHTHOUSE
LIGHTHOUSE (Light House)
Automated at-a-glance interpretation of chart “readings”.
This discretionary trading aid indicator displays the direction of the higher timeframe and the current bar, updated highs and lows, pullback and retracement zones, right on the chart.
1. Latest Chart: USD/CHF 1-hour Timeframe (up to the close on November 4
First, view the current USD/CHF on the 1-hour timeframe with LIGHTHOUSE applied.
・In the top left, the Higher Timeframe (daily) is shown as “strong sell”, and the 1-hour timeframe as “neutral”.
・In the downtrending sequence, a low around 4:00 is labeledLL, and a retracement high follows withLH, a valley labeledHL, and furtherHH is formed.
・Immediately to the right of price, aRetracement Zone appears above, whileSupport/Resistance Reversal Zone is displayed higher up.
A price range that tends to attract attention (based on chart facts)
| 0.82103 | High on the 4th (1:00 bar) |
| 0.81267 | Low on the 4th (5:00 bar). The close on that day is 0.81693 |
Other price ranges and the near-term targets are conveyed in purchaser-only messages.
2. Past Case: LIGHTHOUSE Sell Signals
Basically from past cases.This does not guarantee or predict future price movement. By applying LIGHTHOUSE to the chart, we illustrate how the price action after a sell signal looks in two scenarios.
Case ① October 29 (Thu) evening: 5-minute chart
At 17:45 on the 29th (server time), a sell signal appeared. From around 0.827, the price moved downward in a wave (red line), reaching around 0.820 by 4:00 on the 30th.
During the retracement highLH (lower high) appeared,BOS (lower low was updated) while the downtrend continued.
Case ② October 22 (Thu) morning: 5-minute chart
At 5:15 on the 22nd, a sell signal appeared. From around 0.824, the price dropped to around 0.819 by the 10:00 bar of the same day.
During the retracement highLH appeared, after whichLL was updated. There were also moments when prices moved back up from the low range.
※ The cases are selected to be easy to view. Not all signals produce the same movement. The positions and conditions of signals are not described here.
What LIGHTHOUSE reveals
・Display the direction of the higher timeframe and the current bar in the upper-left of the chart in five levels
・Automatically show the marks HH/HL/LH/LL and the BOS/CHoCH lines
・Display retracement zones, support/resistance reversal zones, and range boxes
・Marks for peaks and troughs appear only after they are confirmed and do not move or disappear later (no repaint)
・Meanings of terms are displayed at the bottom-left of the chart for learning as you view
For those who purchased LIGHTHOUSE
Every day’s detailed price ranges and near-term targets are delivered in purchaser-only messages.
・This article presents past price movements and does not predict or guarantee future movements. Please make investment decisions at your own risk.
・Prices and dates are based on the BigBoss (demo account) MT4 chart (server time). They may differ slightly by broker.
・LIGHTHOUSE is an indicator intended to assist market analysis and does not perform automated trading.