I see a possibility for a full retrace for Fran but will not know until I see a rejection from the 200 EMA as resistance. I am hoping for a full 1-5 impulse move, instead of a shorter ABC correction. We will see =)
Tuesday, July 9, 2019
01:45 CHF Unemployment Rate n.s.a. (Jun)
01:45 CHF Unemployment Rate s.a. (Jun)
My arrows are purely for educational and visual representation of how i would like the trade to play out for executions!! Trade at your own risk. This is not a signal but my personal view. Updates will be in the comment.
TVC:SXY
Sorry for the busy markup (haha!). Mr Franc appears to have come due for a nice correction short here, expected to be a bearish trend. He has reached a nice resistance from structure. Lets checkout those Swiss pairs =)
SWISS FRANC CURRENCY INDEX has been trading down with lower highs and thats indicates to more highs , the currency is forming a down channel with rejecting from MA 100 150 200 its more bearish .
As you can see also MACD and RSI is going down thats only confirmation because as we know indicators doesn't predict the market its only follow .
I am Guessing that...
The Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents...
For me, tracking the chart of each currency is very important. It helps me to have an overall information about pairs of currencies
Hope some recovers will come
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- Ichimoku kinkohyo -
