Eur / Swiss - Flight to safety - Sell
This is one of my longterm portfolio trades, I've been a Bull since August last year and sold my position and reversed into a Bear in May, we're now back into the range box and after a pullback up to 1.55 (unless we get further Swiss strength and fall now), I'm expecting a move down to 1.13,, it may at some point pullback to the centre line, but with the current Euro fundamentals, continued QE and no plan on increased interest rates, I doubt it... like the Euro / USD, we're going lower.
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Will carry on lower
Comment:
That was the wrong trade, this pair will carry on lower
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I'm now back from holiday (not for too long) and I'm still active in this trade. We're moving sideways if the trade continues higher to 1.16410 I may consider adding another position if the trade looks good.
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Lovely bounce off the channel centre line, the pair is now under pressure to break lower and therefore the target of 1.145 is active again.
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This is the pullback zone to sell from, depending on your trading style, you can set-up a sell order here or an alert to then wait for a signal to enter the trade on a lower time frame.
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We're either breaking up or down now, if we break up, wait for the zone above to sell it back down.
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Broke the 15m trend line, stay patient and sell up at the highs
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Lovely for those in the trade, the move to the upside failed.
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The pair did exactly what we wanted and hit the green sell box and everyone sold
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Still in this trade since middle of May, there was a lovely pullback which I added to the trade and it pulled back further than expected for a while, but patience pays and we're now moving to the downside. Target is solid @1.14515
