USD.CHF

[peat]

my core position narrowly avoided being stopped, the other had to depart.

[arco]

Swissy is trapped on a Gann point and with other
active Gann points just below as potential support.

Waiting for the reversal pattern to confirm a
possible long entry.

[miner]

If so eur/usd should be turning south.

Cheers
Miner

[arco]

Hi Miner

The correlation picture is a little confusing. Swissy
may have a little further to fall to those Gann points
mentioned in an earlier post, if so Euro will rise and
I have active Gann resistance points currently at 3479
and another higher at 3542. Gann pivot 3427 could form
support, or if broken, resistance.

regards - arco

[Craig3215]

Looks to me like a possible descending triangle... weekly and monthly charts below

[arco]

Hi Craig/All

Yes its an interesting scenario at the moment, and in the
medium term we should see a turnaround.

The Gann 2204 held as support for around 15 hrs and broke with a strong red candle, with the action falling past the next Gann point 2121 which could now cause some resistance.

IMO the next powerful Gann point at 2052 could halt any further fall.

Then we need to see a convincing reversal candle patterm emerging before going long.

regards - arco

[arco]

Hello All

Possible active Gann support could kick in at 2114.
In this case I look for a good reversal pattern to appear.

If for any reason this level happens to fail, the lower and
major active Gann comes in at 2044 today).
An extended break below this is unlikely IMO

GT - arco

[arco]

Hi All

As mentioned last night - Possible active Gann support could kick in at 2114.In this case I look for a good reversal pattern to appear.

Reversal patterns appeared in confirmation - Morning Star on the 30 min and Bullish Engulf on 1 hour which have given a max of 78 pips so far.

This was a low risk entry (even if using the Gann point as a limit order).

GT - arco

[bogus1]

maybe getting close to a long ,watching this one for a possible trend change imvho and a medium term hold, i will attempt to post a chart.

[bogus1]

hi all , i discovered this forum a few weeks ago and have been very impressed with quality of discussion and feel its only fair to contribute my share for what its worth.i have a faint memory of some directions on how to post a chart could someone direct me to that thread. hi peat i really relate to what your going through and feel your contribution will be missed, its certainly one of the toughest ways i have ever tried to make money and am learning painfull finacial lessons.i have a spare carney harmonic patterns book ,it is vol 2 and you do kind of need vol 1 but its yours if you want it.