USDCHF Postion
Dear Traders,
Guess who’s back??
It’s me back again with another series of analysis. After this update I will post pre breakdown before entering the trades.
Macro analysis,
I wanted to look for CHF longs for the whole month now, because CHF is seen as an safe haven and in times like war and other economic uncertainties the CHF is a really strong currency. As a lot of investors will put their money in CHF.
USD lacked on data and people were betting on a pause in hike, because the Yields could’ve done the trick.
So it was easy for me the USDCHF was it.
Technical was quite challenging as we were in a strong uptrend until we broke that I could set my short order. on the psychological level of 0.9 which was a strong level with the Volume right on the T.
I could see this trade getting shifted as the tensions in the Middle East are easing, and the FED will probably HIKE.
Guess who’s back??
It’s me back again with another series of analysis. After this update I will post pre breakdown before entering the trades.
Macro analysis,
I wanted to look for CHF longs for the whole month now, because CHF is seen as an safe haven and in times like war and other economic uncertainties the CHF is a really strong currency. As a lot of investors will put their money in CHF.
USD lacked on data and people were betting on a pause in hike, because the Yields could’ve done the trick.
So it was easy for me the USDCHF was it.
Technical was quite challenging as we were in a strong uptrend until we broke that I could set my short order. on the psychological level of 0.9 which was a strong level with the Volume right on the T.
I could see this trade getting shifted as the tensions in the Middle East are easing, and the FED will probably HIKE.
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