EURCHF - Medium to Long Term Analysis (2016)
Hey there!
This idea is going to play itself out over the period. Huge price drop due to de-pegging of CHF from EURO has sent price plummeting to low @ 0.96XX handle. Generally after such huge drop, price climbs up to top slowly as seen in USDCHF & GBPCHF. (See the attachment in the comment)
This idea is going to play itself out over the period. Huge price drop due to de-pegging of CHF from EURO has sent price plummeting to low @ 0.96XX handle. Generally after such huge drop, price climbs up to top slowly as seen in USDCHF & GBPCHF. (See the attachment in the comment)
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USDCHF price behavior
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GBPCHF price behavior
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I m expected same thing to happen in EURCHF, lets wait & watch !
Good Luck
=)
Good Luck
=)
Komen:
1st attempt to go long is here. 4 hourly candle close above consolidation zone & above TL.
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Look at the bullish candle & its wick :)
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While 1st attempt is in profit & already encashed few pips, its time to add some more. If & when it breaks above this wedge I will buy more :)