USD CHF is a very interesting pair because of -.94 correlation with EURUSD.
What it can help us with is to re-enforce our view with EUR USD.
Technical Outlook: Bearish Butterfly on weekly Chart.(Please refer to chart for potential entry limit)
Fundamental Outlook: In the last half of this year we may expect further QE. Stocks are not coming down till elections ( Reference: Article by zero Hedge 2 week backs, i forgot article, u will have to rally on my words for that).
Conclusion: If EURUSD fails to break its yearly low in next couple of week we have a 1000 pips move. Conservative trader may wait for break of RSI on weekly chart
In Case of a new low on EURUSD, this trade will be invalidated.
What it can help us with is to re-enforce our view with EUR USD.
Technical Outlook: Bearish Butterfly on weekly Chart.(Please refer to chart for potential entry limit)
Fundamental Outlook: In the last half of this year we may expect further QE. Stocks are not coming down till elections ( Reference: Article by zero Hedge 2 week backs, i forgot article, u will have to rally on my words for that).
Conclusion: If EURUSD fails to break its yearly low in next couple of week we have a 1000 pips move. Conservative trader may wait for break of RSI on weekly chart
In Case of a new low on EURUSD, this trade will be invalidated.
There are no right and wrong decisions......Only timely decisions