The pair is technically in the falling channel, and having passed the 1.10 level easily, which is telling, given it is a round number, one might deduce with a known degree of certainty that we are to see 1.5-1.4 level, the latter being the last meaningful resistance level before parity. By the way, parity means SPY reaches 400 at least, coz where do you think all...
Here is a wonderful opportunity for a long trade with a great risk reward.
You might place your stop-losses right below the support line.
Take level is determined by the first meaningful resistance line en route of the movement.
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Wish you luck.
It's time to talk about the USD/Swiss Franc breaking out above the weekly level, now floating in indecisiveness.
The pair might just go straight to the "take level" I've identified and further above. Yet this way it does not present any decent trading opportunity.
I am waiting for it to bounce back to the support weekly level, and there we should go long,...