I assume, we'd be looking to go long on USDCHF now after the C corrective wave. Furthermore, this could be an opportunity for price to create an inverted head and shoulders and potentially push the market past the daily resistance trend line.
That also tells me, the price of Gold may weaken temporarily as both pairs tend to move in the opposite direction to each other.
That also tells me, the price of Gold may weaken temporarily as both pairs tend to move in the opposite direction to each other.
Comment:
(For my journal) Analysed well, as predicted price played out bullish moves for a couple days.
