We went over USDJPY and EURUSD that have move similar, now USDCHF is the pair they’re opposite trend. Now this is not always 100% due to and Fundamentals impact .
We can observe the was respected, also we can see how the trend was opposite from EURUSD and USDJPY .
We can expect further downtrend to . But before the handle in this case since it is inverted, can be expected to uptrend to Fibonacci levels before it pushes down.
If it breaks further confirmations would be necessary to determine the next position, for now we can continue to see downtrend to .
Be ready if the time trend bounces from support back to fibonacci levels.
What are the strategies I use? A combination of strategies: Confluence; Pair Correlation; Naked Forex.
The tools and indicators I used: SMAs ; Standard; tool.