ridethepig

Expecting more downside via risk-off flows into CHF

FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
=> Here we are actively adding to our CHF exposure as we are expecting risk to enter back into the picture any day now...
=> The move towards the 50% retracement has yet to complete and we see this bearish momentum to threaten a break below.
=> The upside is capped with iron resistance at 0.985x
=> Here we recommend shorts with targets at 0.9627x , entries at market and stops above 0.9780x
=> Good luck guys

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.