Wide View Strategy (WiViSt) is a typical trend following strategy. Purpose of this strategy is enter in transaction at the end of correction which is identified in strong trend (uptrend or downtrend). There are two intervals used in this strategy: m30 and m15.
USDCHF:
Looks like Swiss Franc is strongly appreciating to the USD. Let’s look on m5 chart. The first sell signal occured AT 8:00 AM (GMT+1). First TP has been achieved. Trend is still strong, that’s why we wait until %R will come to the overvalued area. Then, new sell opportunity will appear.
AUDJPY:
On AUDJPY chart we can also see yen appreciating. We can find reason for AUD weakness in declines on commodities.
Sell signal has been generated about 10:00 AM (GMT+1). First TP has been achieved. Another sell opportunity will appear when %R will come in overvalued area (>-20).
