USDCHF- 1 year uptrend - Opportunity to enter
Trend:
Based on the chart we see that the recent lows in usdchf gives me an opportunity to enter in regards to the pair. A monthly range of 100- 200 pips can be established within the range of the pair.
Fundamental factors;
Due to trade wars, Most people are still in USD compare to riskier assets. For me, I see the sell off as an opportunity to enter and stay for a while instead of trading unpredictable trends.
You may also consider positive rollover rates which makes your transaction cost next to 0.
Adding all up.
Currently the odds for me are still in favor in buying USD rather than adding postion in risker assets such as EUR, GBP etc. Just make sure that your stop loss will be bigger due to market volatility .
What am I waiting for this week?
Thurs: Core Durable Goods orders
ECB press conference
If you my trades are helpful, comment below and add your opinion towards the pairs . Share your thoughts :)
Based on the chart we see that the recent lows in usdchf gives me an opportunity to enter in regards to the pair. A monthly range of 100- 200 pips can be established within the range of the pair.
Fundamental factors;
Due to trade wars, Most people are still in USD compare to riskier assets. For me, I see the sell off as an opportunity to enter and stay for a while instead of trading unpredictable trends.
You may also consider positive rollover rates which makes your transaction cost next to 0.
Adding all up.
Currently the odds for me are still in favor in buying USD rather than adding postion in risker assets such as EUR, GBP etc. Just make sure that your stop loss will be bigger due to market volatility .
What am I waiting for this week?
Thurs: Core Durable Goods orders
ECB press conference
If you my trades are helpful, comment below and add your opinion towards the pairs . Share your thoughts :)