FYNTEK | New Eden Investments -> USDCHF BIAS
Updated
USDCHF
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Noticing how little CHF pairs actually deliver in pips per day makes it a very tricky currency to trade. These moves are not near around the p70-100 pips we see on GBP pairs. But that doesn't take away from an opportunity if one has come around. A short could come into play with a nice pivot point retracement to retest the highs and the descending channel to continue higher for liquidity near the SUPPLY.
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Noticing how little CHF pairs actually deliver in pips per day makes it a very tricky currency to trade. These moves are not near around the p70-100 pips we see on GBP pairs. But that doesn't take away from an opportunity if one has come around. A short could come into play with a nice pivot point retracement to retest the highs and the descending channel to continue higher for liquidity near the SUPPLY.
Note
We've now seen a break towards the upside, awaiting 4h candle close to see if we can long the retest, or get the proper short as mentioned on the chart image.Trade active
The pullback did exactly what we expected, it broke towards the previous high after NFP and is now retesting the area to go long. Which is now running ~5 pips profit, our aim to see if we can make it towards the upper supply.Trade closed: stop reached
We've seen the short complete the pullback to our desired area. This completed the full 40 pips. Unfortunately the long got stopped out. Totalling for a net breakeven on this pair. Will update with new charts.
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