It looks like price may be forming an ending diagonal. This would imply a slight correction followed by one last new high, and then a sharp drop.12/09/2008
Trade # 32: USD/CHF Short (Update)
I am hedging my USD/CHF short position with a EUR/GBP short position opened at .8760. EUR/GBP has a slight negative correlation with USD/CHF which will act as a hedge, but I believe both patterns bearish, so on balance I am still speculating.
It looks like price may be forming an ending diagonal. This would imply a slight correction followed by one last new high, and then a sharp drop.
It looks like price may be forming an ending diagonal. This would imply a slight correction followed by one last new high, and then a sharp drop.
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