The Airforce high in the sky, dumps bombs on to the ground, while the Army on the ground fire cannons and fight back. That's what happens in the forex market, the war between the sellers (The Airforce) and the buyers (The Army).
I hope through this thread to observe this war with all the traders here, analyse the 2 sides of the war, and sometimes join one of the forces.
I'm currently observing GBP/CHF. Yersterday, the 2 forces had a spectacular battle before and after the CHF interest rate decision. The airfoce bombed down the attck of the the army to 2.3898, where the army has been accumulating power to fight back.
Well, I think 2.3900 level is a quite strong base for the army, the airforce has not been able to even touch it these few hours, however, the army kinda fight back to 2.3955 a few times (yesterday's fibo of 23.6%). If the airforce cannot defend 2.3955, then the army will fight their way up 3990, 4018, and expect some heavy bombs at 4046.
I hope through this thread to observe this war with all the traders here, analyse the 2 sides of the war, and sometimes join one of the forces.
I'm currently observing GBP/CHF. Yersterday, the 2 forces had a spectacular battle before and after the CHF interest rate decision. The airfoce bombed down the attck of the the army to 2.3898, where the army has been accumulating power to fight back.
Well, I think 2.3900 level is a quite strong base for the army, the airforce has not been able to even touch it these few hours, however, the army kinda fight back to 2.3955 a few times (yesterday's fibo of 23.6%). If the airforce cannot defend 2.3955, then the army will fight their way up 3990, 4018, and expect some heavy bombs at 4046.
make some money, have some fun, leave some footprints