CH20CHF (Swiss 20) going long.I've thoroughly described the process of my analysis with callout texts to give the traders a visual idea on when price moves up and down.
Looking to see price go long between the 9000 - 9300 area.
SWI20 trade ideas
Trend ContinuationThe Swiss index has been in a bull trend in the last weeks. The Swiss Index is convergent to the USD/CHF, CHF has been weak this days because the unemployment
grew from 3.3% to 3.5%. So , I m trying to go long in a ABCD pattern. My entry is at 8290.95. My stop at 8226.94, and my targets at 8353.10 and 8403.09
A Decision up or down is soon coming. The Smi is testing Support ( Red Line.) If we break, lower levels are very likely. Red 5. Target.
But i believe that we will break the UMP. Twice tested in Past.( yellow). Then we run again to 8400 Points. That could be a interesting Trade. Take care.
$SSMI leading $XAGUSDFor some reason, the Swiss index constantly leads silver. No idea why, but it's tradable.
TRADE WITH THE TREND: SELLERS DOMINATINGThe Sellers have been very much in control of this market
Now they are approaching a number of support lines where they will reach walls of buyers
Can they keep on over powering the buyers?
SSMI - SWISS MARKET INDEX: EXPECTING A BIG DROPSSMI is in a corrective phase. I'm expecting a possible completion of this expanding structure for a strong move to the downside. A strong breakout of this structure to the upside invalidates the setup.
Medium-term outlook Swiss stock market (SMI)Depending on how long China can keep credit bubble inflated and on how fast Fed hikes (which will trigger EM cirisis), downside risk can materialize sooner or later. Same logic goes for SPX.
