erkggz

erkggz

Not a pair that I trade very often, but I couldn't resist to check it out anyway.. As you can see this pair is currently sitting at the 61.80% fib level on the daily chart and the next candle that farm is a very bearish hammer which is a really go signal for a potential short. BUT then again I would still keep an eye for a pontetial swing to the 78.60% before...

erkggz

USDCHF just formed a double top and there's a huge chance for a pullback. If you're an aggressive trader then you can enter your trade now, if you want to be a bit more conservative then wait for a confirmation to form to get into this trade. I would take profit anywhere in between the 50% and 61.8% Fib area.