BOUNCE OF THE GREEN BAG
Appears that fumes of recession and anticipated fall of the dollar were far fetched and over glorified. . .
Even so this does not mean to be careless with our trades...our daily bread.
Backed by fundamentals our anticipated USD/CHF analysis stands as follows:
A long position at 0.85126 with 0.84800/0.84700 as our SL at best.
For turbulances in the market, we would then expect TP1=.88250 , TP2=0.90100 , TP3=0.92400 MAX.
Normally we would expect the market to make a turn at about 0.85638 zone and start riding it upwards from there,however, this zone will be carefully assessed.
Do trade with care and use proper risk management.
"Plan your trades and trade your plan"(I can't remember who said this but those are not my own words,If I could remember where I read it from I would acknowledge the author in full,so this is not some plagiarism thing,thank you!)
Even so this does not mean to be careless with our trades...our daily bread.
Backed by fundamentals our anticipated USD/CHF analysis stands as follows:
A long position at 0.85126 with 0.84800/0.84700 as our SL at best.
For turbulances in the market, we would then expect TP1=.88250 , TP2=0.90100 , TP3=0.92400 MAX.
Normally we would expect the market to make a turn at about 0.85638 zone and start riding it upwards from there,however, this zone will be carefully assessed.
Do trade with care and use proper risk management.
"Plan your trades and trade your plan"(I can't remember who said this but those are not my own words,If I could remember where I read it from I would acknowledge the author in full,so this is not some plagiarism thing,thank you!)
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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.