Csys

EURCHF weekly TA

FX:EURCHF   Euro Fx/Swiss Franc
33 2 1
The pitchfork shown in the chart is constructed with a variable anchor, using the .25 of the range of the huge bar. The price seems docile in the channel, and it will be so until a strong reaction point is reached. Due to the ambiguity discussed in the monthly analyses, pinpointing the exact location of that point will only be possible after the reaction is actually seen. Because of this, I will only be a watcher of this pair. Stoch has just been undergone a bearish crossover, indicating that it wants go to the oversold zone. But the price target for that to happen is so tight; another reason for no action.

There are enough number of instruments in the market for which both weekly and daily arrows point to the same direction, and as a not-very-strict rule, I trade only those pairs.

Related Ideas

Happy to see you publishing,

Good stuff.
Tom
Reply
Csys Tom_Killick
Thanks, master!
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out