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Here we have USDCHF , a pair which i have been watching closely for the last couple of months with its correlation with EURUSD , AND USDJPY . I have currently been scalping scaling in and out of position and has decided to look for an opportunity when another bullish run may appear, i have identified a structural breakout which needs to appear, and for USDCHF to...
GA currently re-testing wedge, a possible 4H Close above the level it is currently at, could lead to bullish run, while au, is currently creating new lows, i will enter long when 209135 breaks and closes on the 4H and will be scaling in and out of positions until then.. Goodluck
Daily Chart On EJ, Price has bounced of the 0.618 level and trendline and its looking to retrace to the nearest strong resistance area (133.5), after the major downtrend after last week news.
lets wait to see how price reacts after the weekend close.
Feedback will be appreciated :)
USDOLLAR1.19% has continue to show strength after reaching, recent high on the daily DOLLAR Index1.19% which has lead to the continue fall of EU after rejection from the daily Trend line.
EU is currently sitting on a strong support level, which may see price bounce and Retest to 0.382 (1.102 area)
Or EURUSD-1.35% may break a key support level which is pointed...