Jan 25th – USDCHF

  • Posted by Houssine
  • Date January 25, 2022

From Yesterday: “So as long as 9181 holds we should expect lower prices. However, I will not commit to the downside until I see prices printing at 9076”

You can see why it’s important not to commit to a market that has not shown commitment to a particular side. Prices could not print below 9076. Instead they started showing their real intention which goes more in line with the common sense rational I mentioned yesterday.  We can now upgrade the bullish count we made on Thursday to preferred status.

Houssine

Prof. Aldo Lagrutta is an awarded Certified Financial Technician from the International Federation of Technical Analysts and holds several financial market designations, including the coveted Certified Elliott Wave Analyst.

He is a also a member of the Society of Technical Analysis, holds the CFT’e and is a recipient of the Bronwen Wood Prize bestowed by the Society of Technical Analysis in London.

Prof. Aldo Lagrutta grew up as a music child prodigy and became the youngest Professor to teach in several universities and conservatories around the world. He performed for 2 decades as a concert guitarist in Europe, Africa, North and South America.