Thursday, April 21, 2011

Forex trade of the year update, EURCHF

Euro versus Swiss Fr weekly chart ;
1) I have been calling this the forex trade of the year
2) Euro is trying to form a bottom pattern (higher lows)
3) Expecting move wild swings until price gets into a tight range, then breaks out above 1.3200.
4) When price does break out, expecting also a sudden reversal to re test that break out.
5) LT price fall (parabolic fall) = Do not expect a V shape reversal

1 comment:

Anonymous said...

Hey Moise,

Is there any way to play this via ETF?

TY,

DWH