Our techno-fundamental trade in EURCHF still stands and now we have a weekly pattern forming with unique traits:
Fundamentals:
See previous notes
Technicals:
Positive points:
(1) Weekly cup-with-handle pattern
(2) Pullback to 38% of the move from the lows of April 2020.
(3) Weekly volume is decreasing as the price is falling down, suggesting low interest
(4) d3 pattern in VPA
(5) Confirmed DQ volume
(6) Horizontal price support
(7) puHd
(8) Confirmed RSI strength in the wave
(9) Oversold stochastics
Negative point:
Below the 200 moving average; however, this is normal for a trend reversal or a first base of a continuation after a trend reversal.
Fundamentals:
See previous notes
Technicals:
Positive points:
(1) Weekly cup-with-handle pattern
(2) Pullback to 38% of the move from the lows of April 2020.
(3) Weekly volume is decreasing as the price is falling down, suggesting low interest
(4) d3 pattern in VPA
(5) Confirmed DQ volume
(6) Horizontal price support
(7) puHd
(8) Confirmed RSI strength in the wave
(9) Oversold stochastics
Negative point:
Below the 200 moving average; however, this is normal for a trend reversal or a first base of a continuation after a trend reversal.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
