Update Chart of usd/chf Prior to European Open
I was unable to update the blog for last few days,then opportuniites were quite rare. But I have come up with another chart where I have seen Another Possible
"Shift In Value", in usd/chf chart. If You watch the chart closely, then there are multiple signs of buying at low levels after recent shift in value marked by Blue Rectangle.
After that We have seen some netural days and some passive seller move the price down but every-time we see that shift to the downside, buyers step in and move the price with strong demand again to the upside, And the Values is again shifted to upside and watch if the top is taken out, but as long as high is not taken out, we can see another failure But as Price is moving ahead with strong force we see of another test of hot-spot area which as it has done twice, and possible go beyond that area this time.
Moment I saw that chart today, I was wandering If an opportunity waiting on the sidelines and Is it would be worth to watch that price line today with Asian session could be crucial one And "Zew-Economic- Data" From Europe about to release later today and any strong deviation could really lift the price of Euro and its counterparts.
It is really worth it to take a lot at different setups when you trade "Supply and demand" with the help of past few days trading activity.