The Signal is Finally Here
Finally Im revealing the Mystery Chart discussed here and here. The top chart is EURGBP Daily and the bottom chart is EURGBP Weekly. I'm sure you are experienced enough to notice the top chart has finally broken above its 3-month long channel, while the weekly chart has not only held the 11-month trendline support, but is bouncing higher. Can this go to 0.89? There are other important fundamental metrics backing the trade. If you speak Arabic, join me my webinar with Swissquote this evening 6pm GMT. . If you prefer to get these daily analysis into your mailbox and not miss an update, then feel free to register (for free) in the upper corner of the website.
On Friday I sent 2 Mystery Charts, asking you to guess what they are. The charts are in this post here. Have you figured them out yet? The price is now up 45 pips since Friday. I gave the trade to the WhatsApp Bdcst Group last week. Do not be angry. Do not worry if you have missed the move. There is more upside to come. I shall reveal the chart later today. Come on. You can do it ! Here are the charts again.
Read More...Can you guess the charts below? Both charts represent the same market but at different time horizons. Will the top chart finally break above the channel? Does the bottom chart show another bounce off the channel support and continue to rally? How do both charts relate to each other? I will give the answer in the next post. Be careful with metals trading. Last night's silver crash was mainly prompted by coordinated dumping of 674 million oz of silver in the Shanghai Futures Exchange. The Exchange is said to have halted it and fundamentals remain largely unchanged. Everyone askes "what happened to the sikver shortage??". Nothing ! it's been around for 2 years and is here to stay. Highly leveraged markets usually undergo violent dislocations. Do you remember what happened to gold (the father of all safe havens) when it crashed 15% in a single week during "Covid March 2020"? Forced selling triggered it. Now, tell me what are those mystery charts.
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