Doesnt the fact it it has recoverd and closed strongly count..?? and it is above your 30 simple which is turning or trying to..any how have taken long position and waiting to add if price action indicates..stronger up candles than down and just my opn Oh a couple of other things.. the low sits on a strong fibo cluster..5 hits and rite on the TMA 3 month average for udchf..wich i have been using with some success..any how legs and fingers crossed..
Oh somthing else for what it is worth..on the USDX 1 hr and 4.. you could almost call it a HnS patten and the daily i quite like the candle which bottomed on a nice fibo cluster.. like i said just my thoughts..so at the mo i do have short possies on ADUD and EUUD..long side this one.. looking to go in harder if it goes my way3811
Buy Opportunity in USD/CHF above 1.0092 There is an ascending triangle in the weekly chart of USD/CHF. It is likely to take a breakout above 1.0092 as it has a bullish MACD crossover where MACD is above the signal line and histogram depicts buying. RSI is also swinging above 60. It is a continuation pattern and thus likely to extend the uptrend in the pair. But traders are suggested to wait for the spike in the volume to confirm the breakout. The target is equal to the height if the triangle. Bullish trend line act as a support line whereas a 1.0092 is a breakout point.
Back hovering around 1.0010, an important weekly close level. So longs as price closes at or above this level, this week I´d be expecting prices to continue higher to 1.0125 and eventually towards 1.0180. A weekly close beneath the 0.9950/30 level could very well be the start of a greater correction in my opinion....interesting days ahead.