simply expect the CHF to fall along with EUR on the DXY rebound, our first R should be at 0.918, 0.93 then 0.95. lets see how it goes
Market has been skeptical since FED changing its inflation targets in August, now no more doubts after last night's FOMC, and market shall begin to let USD rebound, hence a EUR correction. Good Luck.
Feeling a little greedy today. TP 1.6150 would be a reasonable target for scalping but trend tells me 1.6005 is also postion. then SL at 1.6335 should give me more cover but my greediness on higher RR tells me SL at 1.6245 would be enough. See what happens and good luck to myself.
Trend changed for USDCHF with support at 0.9600. Buy on dip with TP1 0.99, TP2 1.00 and SL 0.9600
Despite the People’s Bank of China (PBOC) has announced to cut its Reserve Require Ratio (RRR) by 100bps on Friday, however it looks like a no brainier to me to short the USDCNH now with a SL around 6.98. I know some banks has immediately improved its USDCNY target price to above 7.1 after the news, however the chart seems to be showing the opposite and it just...