See our setup plan: On the daily chart it is clear that the leg bearish needs a further extension, but first I expect a technical rebound, in a few hours I will publish a new analysis where we will be shown the next levels of setup. According Target reached! SignalSuisse - Thanks for your "I Like" and comments on my chart
Technically speaking, the cable gave a false bearish signal, and it often happens that when there is a false breakout, the market's going to break the resistance on the other side, this happened. In the last 10-15 years, during the election period in the UK, the pound has always lived a bear market, but so far, the cable Sebra be set for a further bullish...
In closing week we are seeing a partial weakening of the dollar against all major currencies, I consider this the correct swing as a simple pullback that does not affect the main uptrend. STRATEGY: Sell on each bounce. I do appreciate all views be it a like or comment! SignalSuisse
It now seems obvious a target area around 1,10 and placements of investors could create a bearish leg not before 1.10 (ABCD complete). The current trend remains strongly bullish and we can not exclude to see in the area of processing target today, on the daily chart does not show overbought. I do appreciate all views be it a like or comment! SignalSuisse
Levels on Chart I do appreciate all views be it a like or comment ! SignalSuisse
The main model and the cluster still keep intact the possible continuation of this rebound. If the support (Cluster) holds, then we could see a further projection bullish, on the contrary, the breakout of this level should lead to a swing of consolidation. The main long-term trend remains strongly bearish. SignalSuisse
Butterfly in development and good R/R Ratio
EURUSD is currently in a consolidation phase, as we see on the chart, we have two different models: a possible bullish ABCD and the formation of a butterfly . Support is located at the point "C", a break would lead to the formation of the bearish butterfly while holding this level, could lead EURUSD to review a work of the greatest swing. Signal Suisse
In the long term we remain bullish on GBP / JPY, the divergence among central banks should be in support of my hypothesis. Signal Suisse