Fishing for longs
I will be searching for a long entry on lower timeframes if we go below yellow line in purple rectangle.
This area is a single print. Market went through it without any overlaps. Yellow line is where stop-loss orders might be positioned and raided as we break through.
However, it is important to wait for a perfect set-up. Switzerland has lower inflation than US and if growth of US Dollar price falters, the current dominant trend (USD growth) will no longer support longs against CHF.
This area is a single print. Market went through it without any overlaps. Yellow line is where stop-loss orders might be positioned and raided as we break through.
However, it is important to wait for a perfect set-up. Switzerland has lower inflation than US and if growth of US Dollar price falters, the current dominant trend (USD growth) will no longer support longs against CHF.
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