CHF / Swiss Franc is flying, but I think short term interest in the USD will see continued retracement at the start of this week, before a big fall towards the end.
Watching closely for a LTF confirmation and then I'm in with a great RR.
SLO @ 0.9625
TP4 @ 0.9610 (shaving)
TP3 @ 0.9590 (shaving)
TP2 @ 0.9580 (shaving)
TP1 @ 0.9566 (shaving)
BSO @ 0.9555 ⏳
-SL @ 0.9530
If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555
To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive...
Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here.
SSO1 @ 158.50 ⏳
SSO2 @ 152.60 ⏳
TP1 @ 141.33 (shaving 25%)
TP2 @ 131.85 (shaving 25%)
TP3 @ 124.90 (shaving 25%)
TP4 @ 114.15 (closing ALL Sell Orders)
BLO1 @ 111.55 ⏳
BLO2 @ 105.25 ⏳
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As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase.
While it is essential to approach such market movements cautiously,...
VERY AGGRESSIVE POSITION
-SL @ 161.66 🚫
SLO2 @ 161.55 ⏳
SLO1 @ 161.44 ⏳
TP3 @ 161.38 (closing ALL Buy Orders)
TP2 @ 161.17 (shaving 25%)
TP1 @ 161.04 (shaving 25%)
BSO @ 160.85 ⏳
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There are a variety of risks to consider when investing in AT1 Contingent Convertible bonds (affectionately known as ‘CoCos’). These financial instruments, issued by financial institutions, may appear peculiar on first inspection but, once you get to know these quirky financial instruments better, you will better appreciate their unique risk/return profile.
CoCos...
Cup and Handle and a Falling Flag has formed on the daily with the Swiss Franc versus the South African Rand.
There was a one month consolidation and retracement. And now it looks like the buying and demand is kicking in again for the CHF.
We are looking at all yearly highs soon.
7>21>200
RSI=50
Target R22.00
QUICK STORY~!
I was in Switzerland in...
PA on this thang—CHFJPY—has broken the ATH. If you plan on catching the downtrend, the most conservative option left is:
SSO @ 157.15 (8W)
BLO @ 112.15 (7W)
⚠️ MORE INFO TO FOLLOW
🔑
ATH — ALL-TIME HIGH
DT — DOWNTREND
PA — PRICE ACTION
-SL @ 1.2066 🚫
SLO2 @ 1.1850 ⏳
SLO1 @ 1.1600 ⏳
TP4 @ 1.1475 (closing ALL Buy Orders)
TP3 @ 1.1033 (shaving 25%)
TP2 @ 1.0755 (shaving 25%)
TP1 @ 1.0333 (shaving 25%)
BLO1 @ 0.9920 ⏳
BLO2 @ 0.9666 ⏳
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Bearish trend will continue on USDCHF.
I see multiple bearish confirmations both on Daily and intraday time frames.
My advice to you - sell the pair on Monday.
Goal - 0.891
Please, like this post, boys!
Trade Idea: Buying EURCHF
Reasoning: Ending wedge on the daily and lower end of a range.
Entry Level: 0.9725
Take Profit Level: 0.9765
Stop Loss: 0.9706
Risk/Reward: 2.1/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
✨ NZDCHF...UT ✨ Swing Trade ✨
- SL @ 0.5300 🚫
BLO @ 0.54421 ⌛️
BSO @ 0.57441 ⌛️
TP1 @ 0.62380
TP2 @ 0.70565
TP3 @ 0.75736
Current Opportunity
Our team foresees a notable downtrend retracement for DXY, leading to a bullish stance on NZDCHF. Our strategy involves partially reducing our position by 25% at the first and second take profits, ultimately closing the...
Mega bearish on EUR at the moment and I think we'll continue to see EURCHF slide.
Here's my ideas, plan A and plan B both resolve at a TP of 0.967 but I think we'll break through the demand zone and head down to 0.957, which is a 1:6 trade.
Last week the Euro was the worst performing G10 currency in my analysis, we can see USD strengthening (which indicates risk...
