Hello there,
What is happening today in the cable market? Nothing much! It's just that, currently, the cable is selling strong. In the H4 timeframe, we have seen that the price has pulled back, respecting and rejecting the 23.6 fib level. If the current candle closes to form a bearish engulfing candlestick pattern, then we are good to sell It right away.
Why...
10/03/22
FORECAST FOR WEEK 1 MARCH 2022 IS = 50/50 (Based on day and week misalignment)
COMBINED FORECAST FOR MARCH 2022 = BEAR (Based on week and month alignment)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week 2 of march opened and immediately broke the sideways support line. This currency has a high...
Hey Trader, a bullish trend seems to be forming up on the 4Hr chart of GBP/CHF! But the bullish trend would be validated if the trend continues above the 61.8% fib level. So, watch out for the next 4Hr candle.
Pattern: 1W Rising Wedge.
Signal: Bullish as the price made a Higher Low and bounced on the 1D MA50.
Target: 10.300 and 10.400 in extension (greater risk though as the 1D RSI is on a bearish divergence).
