Think outside the box

FX:EURCHF   Euro / Swiss Franc
57 10
#forex #eurchf
GO, go to new lows! :-)
AntenaPips ForceFollower
Strong fight now. Hope the bears win.
AntenaPips AntenaPips
Finally this one touched my first TP, ForceFollower. Partial profit booked and moved stop to BE.
ForceFollower AntenaPips
Congratulations! Well done! I'm still short CADCHF, but it doesn't look good any longer...
AntenaPips ForceFollower
I still short at CADCHF also. The scenery will continue short till break above 0.7730 (my opinion).
ForceFollower AntenaPips
I have consulted other Ichimoku traders and they also said we should stay bearish as long as price is trading below 0.77717-0.77818. So, although I don't like it very much, I stay short...

AntenaPips ForceFollower
The actual bullish candle really don't sounds good, but look for the LONG rali. The price neither tested the 23.6% retraction of Fibonacci yet. So, let us see the how the market will act. If stop us the life will continue. Be certain: we will found others good oportunities. New month, new candles.
ForceFollower AntenaPips
I think you meant 38.2% retracement (not 23.6% because this one has been tested) - yes, that's actually the MAJOR reason why I'm still short - an untested level of 38.2% or even 41.6%, which is even more often the case. If it failed to retrace down 38.2%, that would be a major failure.
There's yet another factor that makes me stay bearish here. Consider the APP (alternate price projection, as labeled by Robert C. Miner) of the big move down. Here I mean the price size of the big SNB-driven swing down (2015-01-08 - 2015-01-22) projected forward from the top of 2015-03-11. And current decline has not made it yet to 23.6% (in terms of price) of the prize size of the entire leg down. This would be another big failure.

ForceFollower AntenaPips
And here's the retracement situation.

AntenaPips ForceFollower
My mistake, sorry. The correct retracement is really 38.2%.
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