Here is a quick update for anyone trading USD/CHF in the forex market.
This past weekend, I saw two price movements with no numbers and no dates. I saw them in the order shown below, but they might not occur in this order.
The first move shows the price moving straight up, then down just a little before moving up at about a 45 degree angle. I believe this was shown to say do not close out to take profits after the straight move up because more upward movement follows.
The second move showed two mountain shapes side by side and roughly about the same size. There might have also been some upward movement along the way. I believe this was shown as an opportunity to take profits on the way up and then switch to a short position as it moves back down the other side. That might be a real challenge on the first mountain, but after the first one is visible we can watch for the second one to follow.
I believe these are just extra profit opportunities on the way up to .98889.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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