Enter the Swiss Support

Good Afternoon Dynamic Traders!

The dwindling Swissy has finally been stung by a stalwart support, distinctly visible on the monthly chart below.

Note the historical significance of this trend brace, which has behaved as a sturdy resistance many a month before!

We witnessed price attain a momentous low early last year, breaking through the almighty figure, resulting in the reliable "traders' anguish" behaviour.

This all time base and zero may be now be attracting price once again, begging it to re-test the same.

The noteworthy support is also clustered with the horizontal on the daily time frame.

Dynamic Traders who missed an opportunity to profit from this steady subsidence, may wish to objectively observe current play; anticipating a break of the buttress, in support of the friendly trend.

The conservatives among you are reminded to refer to your strategy folders, marking the AA, for a swing in the very near future.

Always heed the nature of market movement; a crusade in the opposite direction will still affirm the market is always right.

Knowing this to be the truth, consistent traders will religiously employ their risk management rules without hesitation.


USDCHF monthly chart Advanced Get

Good Trading!

Saba Jackson