U.S. Dollar / Swiss FrancUpdated USDCHF
Im mixed right now with the USDCHF pair, fundamentally I can see many reasons for either bias of the dollar. I also really like the zone we have fallen into for a boost to the upside. However, if you expand the chart you are going to see that this current zone has been real range-oriented in the past and could now be a long messy ride. However, If you are a range/swing trader you are chomping at the bit for this exact situation. Id say if I had to choose I would take longs with stops below yesterday's Daily Candle and see if I can grab a bounce. If anything you may work it out on a range play and at the very worst you have a pretty clear stop behind yesterday's daily. Im going to stay neutral because its not quite my style, but might take a cheeky long or two in the intraday if I see them arise
Note
came right off the bottom looks good, safe and risk free now
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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.