Matl101

Oversold on multiple time frames like DXY, CHF will lose ground!

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
49 views
1
Looking at DXY , plus looking at forecasted data for CHF there will be a nice rebound for USD/CHF pair. We can already see a really nice rejection on the 1 hour candle and 4 hour candle. pay close attention to this pair. I have entered this trade on Friday, and have got a tight SL just incase it continues to drop lower, though highly doubtful. Due to Risk off sentiment this week, I will see that Dollar will gain some ground, with JPY gaining the most, unless the data for JPY will be very weak. Euro will go down due to brexit uncertainty + Germany suffering very heavily due to covid, further restrictions in many European countries.


What are your thoughts on this pair?

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out