Two Options for GBPCHF Movement. Feel free to comment
Updated
GBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do.
A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next.
A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come.
The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow.
GBPCHF
A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next.
A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come.
The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow.
GBPCHFOrder cancelled
Target entry was not hit
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.