WHAT I WISH I KNEW BEFORE I STARTED TRADING


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BULLISH DIVERGENCE

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The bullish trend of the TMASlope is backed or confirmed by the bullish (hidden) divergence as seen in the image below. Price is sitting on the intra-day support at 138.77. Another support at 138.08. We continue with the bullish bias as long as price is above the support levels.
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GBPCHF - BUY SIGNAL

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I dont trade this pair often especially because of the spread for me on the high side.But the buy signal coming this time for 30pips less the spread I might still have some 20+ pips. Not bad The D1 fisher is bullish and the Daily DSS 4,7  over sold in an uptrend in D1. In this pattern I will need a rising BULLISH signal in lower time-frame. I can see that in the M30 TMASlope rising to a fresh BULL market signal.
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MARKET INSIGHT - GBPCHF

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The D1 timeframe for GBPCHF remains uptrend considering the MACD CFX Strategy . The H4 timeframe is still bearish and good to monitor this week for possible BUY opportunities. Waiting on the DCI indicator to give a BUY signal.
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