USDCHF: Massive downtrend failure screams long
Updated
The previous analysis on this pair failed and led to a massive paradigm shift in the markets, which struck me with clarity.
I'll look for long positions in this pair on any chance that I get. The quarterly chart has an uptrend signal that will confirm by year end's close, as long as it's above 0.9324.
There's resistance above, let's see how price reacts to it.
I'll update with my entry once I'm in with sufficient reasons.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
I'll look for long positions in this pair on any chance that I get. The quarterly chart has an uptrend signal that will confirm by year end's close, as long as it's above 0.9324.
There's resistance above, let's see how price reacts to it.
I'll update with my entry once I'm in with sufficient reasons.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Note
The last time so many time at mode signals aligned, I shorted EURGPB right before the meltdown that drove all eur pairs down for a very long time...Before the ECB started their QE program, and the SNB caused the famous meltdown that sent many brokers and traders home, with their pockets empty.
Note
1 more day left in the local daily swing.
Note
Resistance is holding, let's see how it goes. We didn't get a chance to go long safely yet.Note
We hit resistance on chart, local daily uptrend time ran out:Monitoring closely this week.
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