After a very strong bullish run from the Swiss over the past few days, I am looking for a retracement to the 1.000 area. We have breached 2018 highs, and a retracement would be very healthy.
I am targeting the 1.00 region for multiple reasons: - Key support/resistance price area -Looking at the fib retracement - this correlates with the 61.8% fib retracement area -We ARE still in a bullish uptrend if we do not BREACH this 1.000 level - on the higher time frames we would still be in an uptrend.
Happy Easter and Happy trading :)
Trade closed: stop reached
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As we have BREACHED the trend line and broken out above, I am looking to enter a short at 1.245 region now. A lot of strength behind the Swiss right now. However, USD could be strengthening this week so something to look out for.
As we have BREACHED the trend line and broken out above, I am looking to enter a short at 1.245 region now. A lot of strength behind the Swiss right now. However, USD could be strengthening this week so something to look out for.