Momentum building in USDCHF !!
Updated
Here we are tracking a continuation of the current risk correction into the Quarterly end positioning. Tracking for the current weakness to extend into the next cluster of stops, high probabilities of stops cascading and triggering momentum.
For those already holding shorts it is business as usual, continue to sell into rallies. Those sidelined and looking to add exposure; watch for signs of breaking 0.985x to unlock a move towards 0.972x. Stops can be kept at 0.995x and reassessment will be necessary above.
We wont be covering the Fundamentals here, as usual we will be covering the Fundamentals on the Telegram.
Good luck all shorts!
For those already holding shorts it is business as usual, continue to sell into rallies. Those sidelined and looking to add exposure; watch for signs of breaking 0.985x to unlock a move towards 0.972x. Stops can be kept at 0.995x and reassessment will be necessary above.
We wont be covering the Fundamentals here, as usual we will be covering the Fundamentals on the Telegram.
Good luck all shorts!
Comment
We never got the break here... if we do not get filled this week, we'll reopen the call for the Month and Quarter end.Comment
Nothing to update... market still in same range with risk ready to catch a bid.
Related publications
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.