ForceFollower
Long

CADCHF Stalking a Long Position

FX:CADCHF   Canadian Dollar/Swiss Franc
I find the CAD the strongest currency at the moment, although it's not as strong as the CHF is weak. Anyway, this combination definitely favours a long position. But it's probably not the best moment to buy it yet, as the CAD got relatively overbought and the CHF is in a rising phase of its momentum cycle. That's why I decided to wait for a better buying opportunity closer to the median line .

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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
Here's why I'm long:
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alex.a ForceFollower
As usual, y ou are getting better and better everyday ~ I am getting more and more jealous by your trading plan getting clearer and clearer. ^_^
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alex.a alex.a
But perhaps, Draghi's choice will alter the direction ???
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What I fear the most is a concerted intervention of major central banks. That is something that can change the trend on a dime. Remember USDCHF in Aug 2011?
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Thanks, alex. But there's really nothing to be jealous of. I keep making mistakes, enter too soon, exceed my risk limits, etc. A lot of work to be done yet. :)
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OK. I've just been filled. I'm long.
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