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Short/Sell USD/CHF

Updated: Sep 26, 2019

Reaction from FIB38.2 made shooting star on H1 and we entered sell position in USDCHF.

On H1 time-frame:

Right click & then open in new tab to zoom.

On D1/daily time-frame:

It closed below trend predictor (red MA like line on chart) on closure of Sep 20 and remains well below. Target 50% of whole swing up on D1.

Risk: bearish setup fails if price erases yesterday's candle.



Right click & then open in new tab to zoom.

Currency correlation: While USD-index rose today, CHF stayed stronger than all other major currencies like EUR, GBP, JPY etc.

1 comment

1 comentário


Anand Dubey
Anand Dubey
25 de set. de 2019

U.S PRESIDENT TRUMP SAYS THAT A TRADE DEAL WITH CHINA COULD HAPPEN SOONER THAN YOU THINK.

Hope of Trade talk gets strengthened, save haven currencies like JPY and CHF lose.

Nevertheless, I am still holding short position because USD/CHF has retested the broken trend line and may fall. I will close it if closing of daily candle appears to be above high of yesterday.

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