USD/CHF D1 Short Idea 8.9.2019
I am willing to consider short position on USD/CHF. From tehnical standing, I see descending triangle on Daily chart. In few next days i expect touch to that trend line and price action confirmation to the way down at 0.97210 (TP1) where is the botton of descending triangle. Also after possible breakout of descending triangle I considering to put my TP2 at 0.96000 level, where I found posiible bullish power also on Daily chart.
Fundamental standing, on September 18, 2019 is scheldued for Fed Interest Rate Decision, and its expectet to be cut for 0.25% to the 2.00% as Fed chair Powell said. For the upcoming week there are few events for US $ souch as Core CPI, Retail Sales, Core Retail Sales, Export and Import Price Index. For CHF there wll be realised Unemployment numbers. As sum of all these information I am very bearsih on USD/CHF.
Fundamental standing, on September 18, 2019 is scheldued for Fed Interest Rate Decision, and its expectet to be cut for 0.25% to the 2.00% as Fed chair Powell said. For the upcoming week there are few events for US $ souch as Core CPI, Retail Sales, Core Retail Sales, Export and Import Price Index. For CHF there wll be realised Unemployment numbers. As sum of all these information I am very bearsih on USD/CHF.
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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.