The pair has broken out of the downtrend and I am expecting it to reach the weekly corrective structure top, from here there is good chance we will break above and gives us a huge trade to the upside once again.
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold). With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
With markets on edge and Japanese inflation data this week, those short the yen are hoping the Bank of Japan Governor, Haruhiko " Kamikaze " Kuroda, will further increase the balance sheet through more quantitative easing. Because when everything else fails, he'll try to go all in. Or will he? Essentially, his brilliant idea to implement negative rates, or NIRP,...
I'm wait retest but I believe it will keep the main trend is down. converging lines indicate continued falling trend. Wait retest to validate input.
Finally a win. Weekly was making lower highs and lower lows - great downward trend. Downward trend had broken then longer term underlying monthly up trend. Took the trade off the 4HR - Saw a mini head and shoulders pattern emerging and thought Id risk getting in early and the formation of the top right shoulder.
The description is on the chart. If you are interested in learning more about this approach to trading you can visit this link to find out more: youtu.be Good Luck and Happy Trading :)
it is not so perfect because C point don't reach 61,8