Good Day Traders !! On this pair we ha a H&S on the daily timeframe and we would like to see the market correct at least to the neckline in order to complete the pattern. Also our vision on the DXY is bearish for the few coming days and this should align with our short idea of USDCHF. From an institutional perspective we have seen the smart money adding shorts on the USD and in regards to CHF we are seeing a steady trend because from the past two months until now the Net positions ranged between 9000 to 10000 for the non commercial institutions.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about the DXY because it's mostly what impact the US dollar.
Trade safe !!!
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about the DXY because it's mostly what impact the US dollar.
Trade safe !!!
Trade active:
Trade running 40 pips profit already !!
Trade closed: target reached
