Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Dollar Swissie had got a massive move down today and it broke the daily trendline.
This move caused by risk aversion as president Obama’s speech about tax cuts. Technically I like to go long somewhere around 0.9585 as an ABCD pattern will be completed there on daily timeframe.
That bearish move needs a retrace before going further down to reach 0.9585 but as you know Forex is the world of uncertainty so for now I stand aside a looking for that level to go long and in case of any other moves that send the price above the trendline will have me to consider about long setups there.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Latest posts by admin (see all)
- Using Simple Moving Averages to clarify the Forex Market - November 13, 2017
- The Huge Benefits of Being a Scalper - November 6, 2017
- The ADX Methodology for Analysis, the Strengths and Values - November 4, 2017
Winner’s Edge Trading, as seen on: