Expecting bearish move from here for USDCHF, short trade entered at 1.0034 with stop at 1.0070, also bearish USDJPY, short trade entered 109.58, stop 110.05
Expecting bearish move from here for USDCHF, short trade entered at 1.0034 with stop at 1.0070, also bearish USDJPY, short trade entered 109.58, stop 110.05 {image}
Ignored
Are you still bearish considering Venividivici's post? If the SNB want to cut rates is may mean a significant rise in USDCHF and threaten the beautiful daily range that exists right now.
USDCHF has had a stellar run the past couple of weeks, I would be looking for long setups if this pair continues to retrace back down toward 0.995 - 1.00 and a reversal bar presents itself.
That level also coincides well with the 38.2 fib level, this could see the USD let off a bit of steam after an impulsive move higher.
USDCHF is consolidating a bit now after the move back to sup 1.00 levels. We might finally see a break to 1.03 and even 1.05 after NFP and almost certain rate hike?
Especially if we take the stance of the SNB: http://news.forexlive.com/!/snb-maec...eeded-20161117, if correctly quoted.
I'm inclined to be bullish in dollar against CHF. Of course I'm also biased since I already have three long positions :x
I sold directly over 1.01 I think we can go lower from here to 1.008 I want to close part of the position there and see what happens, but my stop 13 and 10 burning red right now
I sold directly over 1.01 I think we can go lower from here to 1.008 I want to close part of the position there and see what happens, but my stop 13 and 10 burning red right now {image}
