Reason : Another short continuation wave towards buy zone. Timeframe : 2-3 days from here.
We have hit the resistance for the 5fth time with a double top. Likely to see downside here. Bears are in strong today! Good luck to you!
ML touch is highly likely for this pair before meeting the support mentioned in the monthly analysis. An interesting point is that the Stoch has been a very good signal provider throughout the entire price action in 2015, and the inner waves might be traded by crossovers therein. This should hold until the ML is hit. Thus, I am now waiting for a bullish crossover...
Earlier I said I would choose CHFTRY as my second exotic pair, but that pair seemed pretty much like EURTRY, which shows that the primary force behind the bullish trends in those charts are coming is the overwhelming weakness of the Turkish currency, which annihilates the difference between CHF and EUR. So I skipped CHFTRY and tried another exotic, which is...