Trading with point and figure

CAC40

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5392 could be a dog
 
Good Morrow My Liege.

I trust that nothing ails thee this fine morn.

I thought I'd have a look at GBPCHF again after a period of sustained decline. It seems to be in an area of support that in April started a ramp up that got to 1.38. Whilst the 1 hour is bearish the shorter term charts are quite bullish. I think that either we're going to get some prolonged (a few weeks, coinciding nicely with hols) sideways movement or the big boys will see fit for another lift-off just when the world has decided that the UK doesn't have any government at all to speak of...the mission to that planet we all know and love will start just before the official glad tidings of reconciliation and concord are announced.

....all that to say that I might try a long from the 1.3025 area if it gets there again soon. Might be a 50 pipper.

In the meantime I'll check out the CAC which certainly lived up to it's name yesterday.
 

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