Happy Friday to all of Leo Finance.
Hello to all my friends, today is Friday the closing of the forex financial markets, for today I did not publish any analysis because I did not like the movements of the market at all, a lot of indecisions in the pairs, a Japanese Yen that a Despite being a large reserve mode, its value has been falling sharply in relation to other currencies, but in the same way this week was very, very positive, very good analysis that was concretized in the market, as is the proof in my posts previous.
Today I will only talk about two possible hypotheses of what I hope could happen in two pairs, of course I am speculating, it is only a non-concrete idea of what could happen, I will not make any type of entry or anything like that.
The first is the EUR / CHF which is in an uptrend. I am one of the people who always says that the trend is our friend and we should not go against it, but I also like to take advantage of its rebounds, as long as some signals are met that tell us that the trend will end. Here in the graph I will show you what they would be.
Specifically in this graph, the first signal is that the price respects the resistance, if it breaks it, it is only with the wicks, and if they are large it is better, the second is the break of the uptrend, while these parameters are being met. You could consider entering the sale, if the price falls and rises again respecting the resistance, creating a Pullback, it is the best time to enter the market, short to a point close to the next support.
Of course, this is still not absolutely certain since it has not yet begun to comply with the aforementioned parameters, the price could still go up.
EUR / CHF chart temporality 1h
The next pair is the AUD / CHF, before talking about this analysis I want to remember that the AUD pair gave me many, many joys over the course of the week, as all positions closed positively.
This pair formed a triangle, something small but very good for a possible trade, it has a strong resistance that has not broken but that may break it at any time, since the support has shown large false breaks. The most sensible thing would be to wait for the price to break, create a Throback and trigger the operation, up to the closest resistance, which is the box seen on the chart. This is a simple, basic trader trade that cannot be wasted. I like this one much more than the previous pair.
Chart AUD / CHF temporality 1h
With this I say goodbye, I thank everyone for their support, I hope that little by little more will support me. I hope to have another week the same or another better than this one.
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