Weekend Recollection

Good Evening Dynamic Traders!

After an eventful news day followed by heightened market volatility, and indeed the lunar NFP due tomorrow,my trading boycott is still in force.

A welcome opportunity to re-visit a recent trade.

USDCHF (xref BLOG 28 Jan)

Following the note, the Swissy continued to find strength until it finally forgave an acceptable 266 pips at an explicit 123 top and reversal wick.

However, the strength to the upside is persisting whilst MacD (daily chart) survives an ongoing divergence.

The larger time frame may identify a tip-off towards a clearer reversal region.

Below is the weekly chart for the USD CHF.

Dynamic Traders will immediately mark the proximity of the value index to current price action

The fortified cluster of the resistance line, weighty fib reversal and the figure should be alerting you with blaring sirens!!!

A reversal or a breakout is on the cards, with the former meeting my seal of approval.

With the markets decidedly in power, a composed and watchful eye should be kept on this pair for a lucrative ride either way.

Filters and ESLT must be employed diligently.

Braving the Eurostar this weekend, and further likely snowdrifts across the channel, will mark the return of my dailys' next week.



USDCHF weekly chart Advanced Get

A snug weekend!

Saba Jackson