USDCHF NEXT LEG LOWER COMING
We are in an obvious downtrend. My preferred scenario is for a move lower.
In the same time i am expecting also EURUSD to hit 1.10.
Dont try to fight this trend, go with the flow.
Use a good risk:reward, and watch fundamental developments!
Adp, Fed tomorrow and NFP on Friday are big marketmovers and can quickly turn such pictures around or create fake breaks, so don't trade blindley and use rational stop losses.
Blessings to you all and thanks for following.
In the same time i am expecting also EURUSD to hit 1.10.
Dont try to fight this trend, go with the flow.
Use a good risk:reward, and watch fundamental developments!
Adp, Fed tomorrow and NFP on Friday are big marketmovers and can quickly turn such pictures around or create fake breaks, so don't trade blindley and use rational stop losses.
Blessings to you all and thanks for following.
Note
Correlating to USDCHF also EURUSD currently looks like it could continue further upwards. Its also depending on further developments, i am awaiting the break.Note
Million dollar question is the usdindex going up or down.Fed will decide imho.
Note
Move stops to breakeven or take profit if you are in this position. Violent price action could be coming with fed decision.
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Related publications
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.