With the chatter last week about SNB intervention, this seems like a great time to be short Swiss Francs. the GBPCHF cross has been stable. Should this daily support line hold we should get a new high in the coming days, but extreme caution. The latest weekly candle looks like a reversal. But it was a very low Volume week, so you gots to take that into account.
iCHIMOKU ENTRY RULEZ:
GREEN LINE ABOVE KUMO: YES
PRICE ABOVE BOTH MOVING AVG LINES: NO, JUST 1
PRICE ABOVE KUMO CLOUD: YES
When all conditions are satisfied on this daily chart I will feel at ease going long. Waiting
I also use my boy's DeMark indicator to see support/resistence. It's a straight up money printing machine, will post link to it.
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