hey CharlieFX
whats your expectations and plan for USDCHF
proptrading
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Hi mate!
Well I am sure as of right now, GOLD FUTURES >> They are DOWN TODAY by -4.00 (-0.37%)
25% of Switzerland’s reserves are backed by gold. As gold prices goes up, the pair moves down, So in this respect.. Gold goes DOWN >> USD/CHF should go UP!
This is because of the negative correlation between GOLD and CHF
So on a 15 min Timeframe, you could look to buy / long for a short period just by looking at the GOLD FUTURES
whats your expectations and plan for USDCHF