Hello Traders,
Do we think the Swissie is going to continue downward per the Daily tale-tell?
I'm a go-with-the-flow kind of guy, so waiting for the right short opportunity here is my plan. The price here has been choppy the past 2 weeks, and tall wick both bullish & bearish... So needs to break at some point!
We'll keep an eye out for USDCHF for now, but would want to see a close around ~.871 area before entering a short position, then from there about 150 pips to recent support for TP.
MAs & BB look good for confluence.
As always, use your own RM.... and please please please.... wait for the market to tell you what it wants to do - don't get ahead and guess too early, cuz in this business it's just a flip of a coin, and if you're wrong & over-leveraged, you'll blow out your account before you know it -- trust me!!
Everybody can't win all the time, but discipline & patience can only help our trading plan.
THIS AND ALL MY POSTS ARE STRICTLY 'OPINION' AND SHOULD BE TREATED AS SUCH
Enjoy,
Jason.
Do we think the Swissie is going to continue downward per the Daily tale-tell?
I'm a go-with-the-flow kind of guy, so waiting for the right short opportunity here is my plan. The price here has been choppy the past 2 weeks, and tall wick both bullish & bearish... So needs to break at some point!
We'll keep an eye out for USDCHF for now, but would want to see a close around ~.871 area before entering a short position, then from there about 150 pips to recent support for TP.
MAs & BB look good for confluence.
As always, use your own RM.... and please please please.... wait for the market to tell you what it wants to do - don't get ahead and guess too early, cuz in this business it's just a flip of a coin, and if you're wrong & over-leveraged, you'll blow out your account before you know it -- trust me!!
Everybody can't win all the time, but discipline & patience can only help our trading plan.
THIS AND ALL MY POSTS ARE STRICTLY 'OPINION' AND SHOULD BE TREATED AS SUCH
Enjoy,
Jason.
Note
Looking to see if price pushes through trendline or turns south....Note
Looks like bears are taking over... If the pair closes ~.8731, then would have retraced the last 3 weeks of trading, then would put TP around .8580Note
Looks like Bulls win, and trading Daily almost above 50 MA; which shows momentum. Now, looking for upside on both CHF & CAD pairs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.