Maeket is in extrme BEAR mode on this one and a lot trader must be on board with Bear side.
Now they are in whipping mode.. It may swing up to whip shortish out..
As for BULLs, they have chance as long as the price is above 1.2340 regions.
Did you follow our trade analysis on 16 Nov??
Well.. Congrat to you... Nice short we had...
I am still standing with BEAR for now, weekly TF is still very much BEARIsh..
Just watch out 1200 region for possible bounce or sort of..
HSI is in Bear mode IMO, as US is about to come hard on China exports. (Remember Stocks are leading indicators)
I will be standing with BEAR for now.
Every Pull Up can be considered as opportunity to Shorts or add shorts.
In term out momentum, this pair is BULLISH for sure. It is all because of USD bullishness, and little to do with CHF for this instance.
You need to watch out 0.992x levels carefully as it will post as resistant too and that levels needs to get broken strongly.
It just broke 4.46x main region with STRONG momentum. (Breaking wall with Bulldozer)
Once it is broken strongly UP.. More UPside ahead for this pair..
IMO, Malaysia economy is free fall with bad policy and with the depressed oil price.
DJ index is bullish for sure.
IMO, the structure has turned into Super Bullish bias.
It will use 18500x region as Based and as long as the price is above the regions, BULL will be in control.