EURCHF - BUY - 12th September 2019
Updated
Hi Traders, here is my analysis on EURCHF buys. This is based on the consensus for ECB today (in 36 mins of time of writing), which will create a short spike down for potential longs (if goes as planned). Combining this with the technicals, we can see 2 levels that are yet to be filled, on the weekly fib, and a daily fib. Of course, if news comes out the other way, then this analysis is no longer useful. I just wanted to share how I can combine the fundamentals with the technicals.
Comment
Worked out to perfection as mentioned! :) The talks of quantitative easing was enough to push price down to the institutional pending orders for the anticipated long. Remember, the news is a cover up to help institutions reach their targets. :)
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