Hello Traders,
*The Fundamentals:
- GDP Growth: (CAD: -0.1% / CHF: 0.0%)
- Inflation: (CAD: 5.9% / CHF: 3.4%)
- Unemployment: (CAD: 5.0% / CHF: 2.1%)
- Interest Rates: (CAD: 4.50% / CHF: 1.0%)
The Fundamentals are slightly in the favor the CHF over the CAD with the unemployment and inflation numbers.
*Sentiment:
-COT Report: shows /42.0%%/ of the institutional Future open contracts are long on the CAD, while /40.4%/ are long on the CHF.
- Retail Sentiment: 91% of retail traders are Long.
- Now we see a /Risk Off/ sentiment in the with a market and a flight to safe heaven assets like Gold, JPY, USD and CHF.
Technical:
The Price is in a good and healthy downtrend with lower lows and lower highs, made a retracement to the /0.618/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.
Trade Safe
*The Fundamentals:
- GDP Growth: (CAD: -0.1% / CHF: 0.0%)
- Inflation: (CAD: 5.9% / CHF: 3.4%)
- Unemployment: (CAD: 5.0% / CHF: 2.1%)
- Interest Rates: (CAD: 4.50% / CHF: 1.0%)
The Fundamentals are slightly in the favor the CHF over the CAD with the unemployment and inflation numbers.
*Sentiment:
-COT Report: shows /42.0%%/ of the institutional Future open contracts are long on the CAD, while /40.4%/ are long on the CHF.
- Retail Sentiment: 91% of retail traders are Long.
- Now we see a /Risk Off/ sentiment in the with a market and a flight to safe heaven assets like Gold, JPY, USD and CHF.
Technical:
The Price is in a good and healthy downtrend with lower lows and lower highs, made a retracement to the /0.618/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.
Trade Safe
Not
The Price respected the resistance level at the /0.381/ fib and now the trade is in green...Not
I moved the stop loss to the entry levelNot
Now the retail sentiment is: 95% Longİşlem elle kapatılmış
I closed the trade at break even.Not
I'm still short bias on CADCHF ...Looking for short entry, most likely when the price reach /0.68050/, I'll short it againNot
I took another short trade:
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.