After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes). Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
Same follow through as the daily chart analysis I posted just on a bigger time-frame as the momentum to the downside is very strong. (also confirmed by the monthly) Using the dark yellow line as the trend-line, as long as its holds, I'm expecting the downward pressure to continue with an expected target of around .6950
Hello all, Today's post is more about professionalism in the face of failure then reporting any new setups. Recently, I had started to make the case for the Alt coins and their long anticipated catch-up rally to BTC. While I still do feel that scenario has a high likelihood of playing out, this production is all about LTC's recent failure and how I acted in the...