thillygoosth

Uchf buy possible, update-read comment

OANDA:USDCHF   Dólar Americano/Franco Suíço
Obviously the dollar is bearish today. But Uchf is an example of why I am not ready to consider the dollar's longer term downtrend to be in continuation yet. Uchf is at equal length to "A" and at fork. You see the 618 level just below. Looking at this on the weekly several different ways playing with trend lines and structure, I can see it making another leg up. Divergence on 4 hr and daily. This could be the level. AU and NU breaking major levels, they can turn to wicks. UJ may be making a diagonal pattern to go the other way at the level it's at to pull up some. Not saying these things have to happen, just pointing out the possibility. If you are selling the dollar you better protect your profits.

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