✨ NEW: EURCHF ✨ LONG TERM SWING ✨
SLO @ 0.9625
TP4 @ 0.9610 (shaving)
TP3 @ 0.9590 (shaving)
TP2 @ 0.9580 (shaving)
TP1 @ 0.9566 (shaving)
BSO @ 0.9555 ⏳
-SL @ 0.9530
If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555
To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive 69%. This means that the two currency pairs tend to move in the same direction roughly 70% of the time. Whereas, about 30% of the time, they're negatively correlated.
Looking at the history SHORTING is obviously you're best bet. Otherwise, you'll have to use TEMASHA to catch the actual turn to the upside.
⚠️ Because PA is at the ALL Time Low (with no real pivot low), there is NO CURVE to be analyzed.
The only thing I see is a BSO @ 0.9555
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TP4 @ 0.9610 (shaving)
TP3 @ 0.9590 (shaving)
TP2 @ 0.9580 (shaving)
TP1 @ 0.9566 (shaving)
BSO @ 0.9555 ⏳
-SL @ 0.9530
If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555
To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive 69%. This means that the two currency pairs tend to move in the same direction roughly 70% of the time. Whereas, about 30% of the time, they're negatively correlated.
Looking at the history SHORTING is obviously you're best bet. Otherwise, you'll have to use TEMASHA to catch the actual turn to the upside.
⚠️ Because PA is at the ALL Time Low (with no real pivot low), there is NO CURVE to be analyzed.
The only thing I see is a BSO @ 0.9555
WE ARE A COMMUNITY
BOOST a trade idea to share with others and "pay it forward"
FOLLOW to receive alerts of any new posted ideas
COMMENT with questions, insight, and expertise
JOIN our group chat: receive free analyses on any instrument
Professor C. E. Ward
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