Swiss Treats

Happy New Year Dynamic Traders

Apologies for no video, I had some technical problems last night, so have reverted to the written word. I hope you all had a great festive break with your families and took Javid's advice to stay OUT of the market until yesterday.

You will have seen major moves at 0800hrs GMT yesterday as traders returned to work in the city and this week we have some major news items, with the BOE deciding the interest rate on Thursday. Indications are a further reduction of possibly another 1%.

As always ensure you have printed your weekly news items and pin on the board next to your computer.

I have chosen the CHF as our 1st chart of the year, as I was looking through my basket during the break and was hit with "Convergence" staring me in the face. I then noticed a number of "Confluences" which I have listed on the chart.

Can you spot these on the chart ?

There has been a number of opportunities to enter this trade which coincide with the "Confluences" and if you are one of the webinar attendees you will easily spot your entry points.

The day chart is still showing strength in the upward move and if we move through the current "Resistance" we have clear sky above.

This cross has given near 700 pips in the last 5 trading days.

As always do your own analysis before entering a trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst