This will play directly with our trades this week. Risk-on will take this currency which I've already called over 170 pips of price action in just under a week, another 90 pips north. If price approaches this upside extension, it would be running into significant resistance on the longer term timeframes which is also being taken into account with the entry for this setup this week.
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00:11:39 (UTC) Tue Jan 14, 2020
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This is not financial advice & I am not a licensed financial advisor.
@TayFx you think that these risk appetite of the investor will continue ?
TayFx
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@riccardo.andreoli.1989, at this point it's conviction. Conviction can go on for months, if not years while the underlying fundamental values deteriorate from the inside out
UnknownUnicorn4821128
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The US treasury has also placed the Swiss back on the watch list. This is not the type of news the Swiss enjoy as they prefer money flowing to them not away. You could see trend lines change over the next two weeks and a longer bull run take effect. Looking more to a 200-400 pip increase from here over the next month to month and a half.