A high probability Long entry , poised to rally all the way to parity. If gold is poised for shorts , due to end of month profit taking, chances are we are likely to get a broad based profit taking in the haven currencies, the swiss included.
The current price point for USDCHF presents a good opportunity to vet this market for potential opportunities upon getting positive confluence.
0.9878-0.9854 provides a good zone to go long if we get reversal candle closes on the 4H and 1 H time frames.
Positions are likely to mature close to the parity level 1.0000 , a handy approach would be to simply trail your trade.
The current price point for USDCHF presents a good opportunity to vet this market for potential opportunities upon getting positive confluence.
0.9878-0.9854 provides a good zone to go long if we get reversal candle closes on the 4H and 1 H time frames.
Positions are likely to mature close to the parity level 1.0000 , a handy approach would be to simply trail your trade.
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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.
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.