EUR/CHF

There a convergence on D1 at last support line.

So tempting to go long at these 3 year lows. Have had key day reversals in the last week too... and it’s holding the lows even with gold going full retard to new highs.... is this a screaming buy? Anyone with a convincing bull case? It is contra trend so any king would have to be strictly managed.

No negative swaps, so worry free trade to me. I am holding long and 100% calm about it. There is only one intervention that can happen with this pair...that SNB will push it higher. Thats it, I don't care if it drops a bit more...I will be holding and waiting...looking for 830-900 as minimum target.

Nice analysis, I actually have similar view on ECHF.

I'm actually going for short now.

Is something about to happen?
Just on EurChf

https://www.snb.ch/en/ifor/finmkt/operat/id/finmkt_crf

I still think SNB will do a large intervention. Perhaps your broker got some insider info.

spooky stuff

what happen? tickmill will reduce eurchf leverage from 1:500 to 1:10 next week.

close orders or lock the orders?

maybe better to totally stay out Monday-Tuesday-Wednesday, I don`t know, feels like that would be a good option

only do Index and main pairs maybe better
this time eurchf reduce leverage and only eurchf reduce leverage is very strange,i didn't meet it for many years.

so, it was nothing, at least not yet

Gotta have a bias for sure but Central Banks lie sometimes. The EURCHF could drop a LOT more, just like oil could one day be worth negative $38 The SNB could also be attempting to fill orders to STRENGTHEN the CHF. We don't know. If I was a central bank and wanted to strengthen my currency, I would first get a lot of retail traders to short it, right? If a country needs to buy something expensive, wouldn't it be to their best interest to strengthen their currency?
Now this is all very unlikely with the CHF but its good to know that with trading, usually what really happens is the opposite of what SHOULD happen.
Kindly correct me if I am wrong.

#EURCHF / Weekly & Daily / Bullish & Bearish Idea

SNB keeps insisting on burning money through market manipulation interventions to see the price tumble back down within few hours

37 pips

TP: 1.0837
Entry: 1.0800

Wow..this thread had died dramatically from time SNB lost its credibility!!

Technically, I see buy opportunities on long term as 1.0650-1.0750 seem well protected so SL is tight while upside potential seems good as USDCHF already on long term lows near 0.90, and SNB not looking to lower more interest rates but raise it gradually to zero and above later..

Daily still sideways...