JaredJJohnson

Let's buy this puppy... with confirmation!!

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF has failed many times around the 1.0200/1.0300 area and maybe now it's ready to go. So far the USD has been beat up to start the week but it could also just be a nice chance to buy some dips and get long again this pair.

I'm looking at these entry details:

BUY: as always looking for trend line breaks to confirm the buy, but liking 1.0130/40 area to start buying

STOPS: longer term you should have them below parity, short term keep stops tight below 1.0100.

TARGET: 1.0220 and 1.0330 AND 1.0500

Jared Johnson
Union Hedge Funds
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