A signal came through yesterday, triggering a long trade contemplation, as the signal confirms a market reversal confirmation in this pair.
Momental lines (ghosted) as classic are drawn (bolded) in the price field to highlight a mature pace well underway.
Predictive analysis and forecasting system has defined TG-1 = 0.89792 as a moderate probability target.
Fundamentals are currently triggering USD bids; SNB recently left key rates unchanged. This is net for this pair.
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of , classic , basic and trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Particular things I would look for are:
1 - Pip potentials:
i.e.: Is one pip in one pair paying out MORE than one pip in the other. Not all charts pay out the same amount.
2 - The risk exposure:
i.e.: If there are identifiable places for stop-loss placement (for instance, a recent structure high, a trendline, ... etc), is one offering a sooner way out of the trade if it turned against you compared to the other.
If you identified that both points above pertain to the same chart, then it's a no-brainer. If not, I would look at what's most important for the trader: earnings per pip move? Or risk management?
In the case of the USDCHF, there is a lot of space left below before reaching support off of the rising trendline, whereas in the case of the EURUSD, price just broke below its support, so if it rallied, it might not have to go too far.
Overall, these are the type of consideration I like to bring up to more junior traders, as not everything as as straight forward as it seems, as your question suggests you already found out.