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Hi Quantisan...
well to me on daily chart trend seems still a downtrend but in a 4-hour chart if u observe still the movement is sideways...
ru still holding ur short?
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DislikedHi Quantisan...
well to me on daily chart trend seems still a downtrend but in a 4-hour chart if u observe still the movement is sideways...
ru still holding ur short?Ignored
DislikedI myself got caught on the wrong side of this pair since 1.51 and have added longs all the way down....Ignored
DislikedI wouldn't advise on shorting this pair at 1.48 or 1.49. SNB is likely to intervene soon. Market is just testing SNB's resolve. Interest rate outlook for Switzerland is still very low and they are likely to lag behind the ECB is rate hiking. I'm targeting 1.51 over the next two months still. This is just a wash-out of the shit ton of euro-swiss longs that there were above 1.50. With equity markets looking bullish, the swiss franc is going to take in some shorts due to carry trades. But yea, this drop below 1.50 was really unexpected. Just hold on...Ignored
DislikedI know that Swiss banks are doing a lot of de-leveraging from risky assets which is why we're seeing the Franc strengthening as they expatriate....Ignored
Dislikedadded 1/2 to EURCHF short @ 1.4738 on this break of 4740 while EURUSD is testing 1.45
building this up carefully
avg price now 1.4784, stops are at 4770-4780Ignored
DislikedI actually took a chance and was able to short it on friday from the 10 ma daily mov.avg. at 1.4824 and tp before weekend close at 1.4754 for 70 pips and was able to use that profit to take some of my drawdown off my longs. Still have more than I would like on the table. Hope to see SNB this week, my pysche is getting worn down from being in this drawdown position since mid December...lol.
dual-cIgnored
Dislikedthanks
SNB might bump USDCHF instead like on Dec 3th. they've got a bigger prob there. Just a guess from charts, I am no economist.Ignored