Explanation
1.Cot data GBP, 70% of hedge funds are short, CHF, 68% of traders are long.
2.GBPUSD futures and OTC data shows 45% are short while 55% are long. Showing markets will continue falling.
3.GBP main export is cars, well from XXX data it shows the automotive industry is crashing due to unemployment factor..CHf main export is Pharmaceutical products with the pandemic that makes it a booming businesses..Hence the Commercials part of the COT are converting their money to CHF to pay for the products.Hence CHF strengthens.
4. From XXX economic data we can see CHF is going to have a Predicted GDP of 3.5% and GBP a Predicted GDP of 4.0%.
5.In economics % evaluation. GBP has a 65% inflation score while CHF has a 40% inflation score.
6.Corona cases CHF 32.4k cases with 8.34M population =(0.4% of the country have COVID-19). GBP 309.7k cases with 66.45M population =(0.6% of the country have COVID-19)
7. And etc economic data
Summary CHF is stronger than GBP
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Entry:-
1. 2 hour TF:- we expect price to revisit 1.1760 -1.1780 zone BCS that area has the last bullish candle which was against the trend(bearish). And also a supply zone in 4 hours TF. Hence a Good entry.
EXIT:-* * (1.500X-1.480X) zone .
Reason:-
1.Acts as a lower trendline level on 4 hour chart.Setup above.
2.Makes it an area of interest on 1 Day TF as the close of 23/3/2020 candle was the only bearish candle in the uptrend making it an area of interest for liquidity.
2 hours timeframe..
1.Cot data GBP, 70% of hedge funds are short, CHF, 68% of traders are long.
2.GBPUSD futures and OTC data shows 45% are short while 55% are long. Showing markets will continue falling.
3.GBP main export is cars, well from XXX data it shows the automotive industry is crashing due to unemployment factor..CHf main export is Pharmaceutical products with the pandemic that makes it a booming businesses..Hence the Commercials part of the COT are converting their money to CHF to pay for the products.Hence CHF strengthens.
4. From XXX economic data we can see CHF is going to have a Predicted GDP of 3.5% and GBP a Predicted GDP of 4.0%.
5.In economics % evaluation. GBP has a 65% inflation score while CHF has a 40% inflation score.
6.Corona cases CHF 32.4k cases with 8.34M population =(0.4% of the country have COVID-19). GBP 309.7k cases with 66.45M population =(0.6% of the country have COVID-19)
7. And etc economic data
Summary CHF is stronger than GBP
FOLLOW ME FOR MORE SETUPS
Entry:-
1. 2 hour TF:- we expect price to revisit 1.1760 -1.1780 zone BCS that area has the last bullish candle which was against the trend(bearish). And also a supply zone in 4 hours TF. Hence a Good entry.
EXIT:-* * (1.500X-1.480X) zone .
Reason:-
1.Acts as a lower trendline level on 4 hour chart.Setup above.
2.Makes it an area of interest on 1 Day TF as the close of 23/3/2020 candle was the only bearish candle in the uptrend making it an area of interest for liquidity.
2 hours timeframe..