Get started
fredericpelletiercote

USDCHF - A Clean 175 Pips to Catch

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
fredericpelletiercote Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
With the USD seeming to be losing strength and the CHF gaining power, this pair seems to be ideal for a short. We have now retested the biggest level of resistance which is 1.0000 and the pair seems to reject it perfectly. The addition of the 61.8 fib and the trend line add a certain level of confidence. We are now entering the fifth and final wave. Pay attention to the big news on the USD regarding the Building permits on June 18th in the morning.
Comment:
Trade carefully with the FOMC coming in a few hours. Look to break even your position before the news comes out.
Trade closed: target reached:
Hope you guys enjoyed this one!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.