Morning traders, a quieter week for me, with only a few pairs lining up for what I like to see.
USDCHF looking like an interesting pair, in a nice downtrend at the minute, for longs I'm going to play this quite conservatively, needing to see price break the daily 50ma and form a higher high indicating a change in trend, there are some early indications that we may see this but for now its a sit and wait.
Shorts going with the trend for now, a 4th touch of the trend line, a rejection of the level of resistance formed and a continuation to the downside retesting the lows of 2014 is definitely a strong option.
Lets wait and see with this one. Have a good day, remember to plan your trade.
USDCHF looking like an interesting pair, in a nice downtrend at the minute, for longs I'm going to play this quite conservatively, needing to see price break the daily 50ma and form a higher high indicating a change in trend, there are some early indications that we may see this but for now its a sit and wait.
Shorts going with the trend for now, a 4th touch of the trend line, a rejection of the level of resistance formed and a continuation to the downside retesting the lows of 2014 is definitely a strong option.
Lets wait and see with this one. Have a good day, remember to plan your trade.