After being asked to draw up the chart trend in the IML Academy yesterday, I drew this and couldn't figure out how to post it so the teacher could see! Here you go Lex! Looks like that Elliott Wave action!
Análisis que hicimos en la clase de HouseTrade con Justin Adams, Master Trader de SwipeTrades de iMarketsLive, el Par USDCHF muestra un retroceso y es probable que llegue al punto clave del Fibonacci 61.8% y de ahi al ser un movimiento en corto de alrededor de 100 pips con un StopLoss de 30 pips cerca del punto 1.00477, por lo tanto podriamos poner la alerta con...
Buy the pound on every dip Bullish crossover of the 8ema/21ma If price can retrace to my buy zone. Feel free to follow instructions. *Not Investment Advice*
I AM LOOKING FOR THIS TO CONTINUE ON A BEARISH TREND AFTER IT BREAKS THROUGH THE TRIANGLE. TP ZONES WILL BE UPDATED ONCE WE ENTER THIS TRADE. FOR MORE TRADING ADVICE CONNECT WITH ME AT FACEBOOK.COM/IAMMATTDORRIS
RSI Channel break up, might be good bull entry for us.
If the price will fail break down, I would personally expect bullish to continue.