Momentum building in USDCHF !!
Updated
Here we are tracking a continuation of the current risk correction into the Quarterly end positioning. Tracking for the current weakness to extend into the next cluster of stops, high probabilities of stops cascading and triggering momentum.
For those already holding shorts it is business as usual, continue to sell into rallies. Those sidelined and looking to add exposure; watch for signs of breaking 0.985x to unlock a move towards 0.972x. Stops can be kept at 0.995x and reassessment will be necessary above.
We wont be covering the Fundamentals here, as usual we will be covering the Fundamentals on the Telegram.
Good luck all shorts!
For those already holding shorts it is business as usual, continue to sell into rallies. Those sidelined and looking to add exposure; watch for signs of breaking 0.985x to unlock a move towards 0.972x. Stops can be kept at 0.995x and reassessment will be necessary above.
We wont be covering the Fundamentals here, as usual we will be covering the Fundamentals on the Telegram.
Good luck all shorts!
Note
We never got the break here... if we do not get filled this week, we'll reopen the call for the Month and Quarter end.Note
Nothing to update... market still in same range with risk ready to catch a bid.
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