it appears bullish on D1 chart.
But maybe required to retest 1.4815 support in the following days.
Good fortune!
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it appears bullish on D1 chart.
But maybe required to retest 1.4815 support in the following days.
Good fortune!
Possible GBP/CHF situation. Wait till in H1-H4 timeframes AO - Awesome oscilator will reveal histogram columnconsider GBP short position and possible ABC price corection.
Possible GBP/CHF situation weekly. Wait till h1 and h4 timefraome AO Awesome Oscillator will reveal histogram column consider GBP short position. Possible ABC proce corection following 5 tide end.
Incidentally Bill Willi AO oscilator is fantastic for EW counting. I put example how I count EW on Bill Willi AO:
USDCHF appears to be again heading towards 0.9010-15, significant resistance zone, breaking which chances are greater that the pair instantly tests 0.9055-60 resistance zone. But, RSI is not encouraging the upward tendency and signals the repetition of previous reversal from 0.9010. On the downside, multiple service lies near 0.8985, 0.8975 and 0.8960.
On the daily chart, the http://myforexforums.com/forumdispla...Our-Specialist is moving up inside a bullish channel. In case it gets from the station, we are hoping to have a truly bias that is trendy.
On the daily TF, the price is http://myforexforums.com/forumdispla...Our-Specialistup within a bullish channel. We're expecting a drop if the lower channel line is broken below.
1.5330 around the GBPCHF came under some strain about lunchtime but held I've taken a long just above and 'paid' for the halt with a 50% decline in the hope it will resume its upwards bias and the 1.5450 area. If it retains good, if not the 'new' transaction is safeguarded.
A close at the NY cut over 1.5372 would add cree to potentially another leg up into the high border.
Spike up on GDP set a fantastic profit taking opportunity around 1.5380 plus a tiny book squaring ahead of the evening's FED funds speech.
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