Looking to short this pair based on a multi-session M. Looking to create a new low. overall countertrend trade 1:6 rr
USDCHF WILL BE LOOKING FOR A SETUP TO TAKE THIS PAIR LOWER FOR A RETEST OF THE NECKLINE OF THE DOUBLE BOTTOM BUT OVERALL BIAS IS BULLISH FOR THIS PAIR SO ADJUST EXPECTATIONS. THEY DON'T HAVE TO TAKE IT ALL THE WAY DOWN. TRADE BOTH WAYS WITHOUT FEAR IF THE OPPORTUNTIES PRESENT ITSELF usdchf down, eu up#MM #BTMM # MARKETMAKER
I BELIEVE WE'LL SEE A CORRECTION ON THIS PAIR. GOLD. AND WE'LL SEE SIMILAR CORRECTION OTHER USD PAIRS THAT DROPPED LAST WEEK. GBPUSD, EURUSD, NZDUSD ETC. I'M LOOKING AT A CORRECTIVE STRUCTURE TOWARDS 1844 THEN A DROP PAST THE LOW THAT FORMS AS ILLUSTRATED IN ORDER TO COMPLETE THE MARKET MAKER MACRO CYCLE. ONCE ONE HAS MASTERED THE MM CYCLE YOU CAN TRADE BOTH WAYS...
We have an impulse and now the cycle on the correction on this pair has run its course. The next couple of weeks will be bullish until we reach the target. We are at the end of the second quarter, you will now see many major pairs setup a longer term trend. bulls on eurgbp, you will see gbpjpy and gbpusd moved down for the rest of the year as a result of the...