USDCHF has become extremely oversold and found support at that faithful Jan 5, 2015 morning where SNB shocked the world.
My first target would be the 0.236 Fib level, then 0.382 which stands at around 0.904.
SNB has removed the currency intervention paragraph in their latest statement. Inflation came a bit higher yesterday for Suisse but in line with Central Bank expectation.
I am neutral on USD at the moment and weakly bearish on CHF.
It's not a high conviction fundamental trade but that RSI on the weekly is oversold and usually we see good mean reversion from such levels.
Stops at 0.83700
My first target would be the 0.236 Fib level, then 0.382 which stands at around 0.904.
SNB has removed the currency intervention paragraph in their latest statement. Inflation came a bit higher yesterday for Suisse but in line with Central Bank expectation.
I am neutral on USD at the moment and weakly bearish on CHF.
It's not a high conviction fundamental trade but that RSI on the weekly is oversold and usually we see good mean reversion from such levels.
Stops at 0.83700
Not
USDCHF chugging along nicely.No change in target
Not
Stop loss has been moved to entry.İşlem aktif
Taking half of my position off.Not
Only about 100 pips to go now.İşlem kapandı: hedefe ulaştı
500 pips bagged.
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.