This morning MAJOR NEWS for the USD pairs as USDCHF finally broke out which we are not at a MAJOR WEEKLY RESISTANCE Level .99680-.99770 area....
It spiked over 130+ Pips today!
It's also @ fibonacci level .78.6 where prices have been rejected.. going to see how this plays out around london/new york session tomorrow as its also Friday as market may move slow..
It spiked over 130+ Pips today!
It's also @ fibonacci level .78.6 where prices have been rejected.. going to see how this plays out around london/new york session tomorrow as its also Friday as market may move slow..
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It's still sitting in that BOXED area i have highlighted which it has now broke out downward... hope to see a retracement back down would be nice to follow the support trend line
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Also if you look on 4h timeframe you see a DOJI which usually mean price exhaustion and trend reversal... also along with a bearish engulfing on a 4hr so far two confirmations trend reversal. We have this current 4hr candle would like to see close around or past .984000
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Trade is in profit about 50+ pips... riding it back down to around .98300 area
This could be the big move we been waiting for it to retrace back up to make the big move down
This could be the big move we been waiting for it to retrace back up to make the big move down