TF: 12 hr
Might see a reaction at the 0.618 restracemnt of the recent impulse wave to the upside. I'm a little hesitant to take longs because according to the SNB Septemebr Montary Policy Statement the SNB is continuing to focus on "selling foreign currencies" and plans to "be active in the currency market as necessary".
I'd be cautious longing for more than a correction and possibly the safest move is to look for shorts after corrections.
Might see a reaction at the 0.618 restracemnt of the recent impulse wave to the upside. I'm a little hesitant to take longs because according to the SNB Septemebr Montary Policy Statement the SNB is continuing to focus on "selling foreign currencies" and plans to "be active in the currency market as necessary".
I'd be cautious longing for more than a correction and possibly the safest move is to look for shorts after corrections.