USDCHF | Risk-off means 700 pip opportunity
As equities continue to look week, GOLD is looking super bullish (we'll talk about that next week), so naturally we take a peek at the Swissy to see if there is any opportunity there.
And it look massive!
The recent breakout / fakeout / blow-top top is worrying for the bulls (and why we always wait for the bounce!)
If GOLD rallies, we expect CHF to do the same and this chart presents us with several opportunities to short.
One could take a weekly view as I have posted here, but I posted this chart to show more of the larger opportunity - not the specific trade I'm interested in.
My play is to wait for a daily close below that supporting trendline, and a retest from below before shorting. Targets to 0.9300 or so for those willing to hold (if the trade works out of course)
And it look massive!
The recent breakout / fakeout / blow-top top is worrying for the bulls (and why we always wait for the bounce!)
If GOLD rallies, we expect CHF to do the same and this chart presents us with several opportunities to short.
One could take a weekly view as I have posted here, but I posted this chart to show more of the larger opportunity - not the specific trade I'm interested in.
My play is to wait for a daily close below that supporting trendline, and a retest from below before shorting. Targets to 0.9300 or so for those willing to hold (if the trade works out of course)
Dagangan aktif
Trade moving nicely. Take some profit off the table.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.