Looking for the Pound Swissy to trade off into Monday Tuesday next week and then trade up into the later part of the week to build a double top of sorts on the longer time frame.
When looked at on the longer time frame the pair has completed three waves up so needs to correct back down. Most likely targets are the prior fourth wave designated by the dashed green line and the 200 ema on the four hour time frame.
On the longer time frame looks like it will ping around between this level and about the 1.3 level for the rest of the year.
When looked at on the longer time frame the pair has completed three waves up so needs to correct back down. Most likely targets are the prior fourth wave designated by the dashed green line and the 200 ema on the four hour time frame.
On the longer time frame looks like it will ping around between this level and about the 1.3 level for the rest of the year.
Trade closed manually
Completely backwards. Looks like the market continued to move up and sideways last week into Friday. The market was telling you to enter long Monday morning, so if anything, you should have been long last week. Always a good idea not to hold too tightly to preconceived biases.Lots of uncompleted corrective work on this pair to the downside. Most likely path of the market appears to be below 1.26 on a type of continuation move and then trade up this coming week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.