August 23rd – USDCHF

  • Posted by Houssine
  • Date August 23, 2022

As expected, prices were able to penetrate Moving Average Resistance. I believe there is still higher to go, but a small correction is due on a fourth wave. The degree of this fourth wave is not clear and its depth will help us clarify it. Our position is already free since we secured profits yesterday. So it will be best to manage the rest of the position with P&F. Should we get another buy signal, we will take it with a smaller position.

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.