The USDCHF cross found support at the my suggested prices on the Weekly Profile and then started the next leg up, which was the Bullish Trend Extension Wave. USDCHF failed to extend the Bullish uptrend, which generated a sell signal as we then expect this market to revert back to the Zone-Trader Pivot.
USDCHF did exactly as expected and reverted back to the Zone-Trader Pivot on the Weekly Profile, and then traded lower down into the Bearish Breakout Zone between MS1 and MS2. USDCHF currently has not yet established a Bearish Breakout on the Weekly Profile, no candle body close below the midpoint between MS1 and MS2 which the price is .91446. However it has not failed yet to establish a Bearish Breakout either.
USDCHF is now at a key area as it is very close to the Zone-Trader Pivot on the Yearly Profile .91180. If USDCHF can stay above this price level and fails to make a bearish breakout look for buy signals on short -term to medium term time intervals. If USDCHF makes a bearish breakout on the Weekly Profile and the price falls below the Zone-Trader Pivot on the Yearly Profile, look for sell signals on all time frames.
USDCHF is now at a key area as it is very close to the Zone-Trader Pivot on the Yearly Profile .91180. If USDCHF can stay above this price level and fails to make a bearish breakout look for buy signals on short -term to medium term time intervals. If USDCHF makes a bearish breakout on the Weekly Profile and the price falls below the Zone-Trader Pivot on the Yearly Profile, look for sell signals on all time frames.
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