DislikedHi to everyone! What do you think about USDCHF will taste 1.1100?Ignored
If it takes out 1.1150 to the Downside, then probably beyond 1.1100 to the ~ 1.1000 area. (The most recent area of congestion.)
On that point; let's consider congestion. Why does it occurr?
Simple really. BIG Bulls & BIG Bears agree that the price is where it should be.{little bulls & bears such as u & I will cause some wobble but not much more than that.}
As it moves away from that price {if Up, Bulls are gaining ground. Let's use that as an example.}
Bulls are advancing; If they can hold any Counter Attack Above the Last Consilidation Level, the Advance is considered defended successfully.
ps. sorry guys for not attending recently; but I've been rolling in the Canadian Autumn with my Grandson while this {all} Markets decide/s where they{they're} going based on this 'Global Equalisation' fad.