Weekly and daily paint a bearish picture for the Swiss franc overall.
It's interesting to see how well time at mode has mapped the different moves, timing or predicting price and time levels.
Next week after the close a weekly uptrend signal will have expired, but the interesting part is that the target has been exceeded and an interesting high might have been reached.
I'm long GBPCHF             , but might consider adding other short CHF trades next week.
Negative rates, plus the SNB wanting to devaluate their currency is an interesting feature, for potential carry trades that might set up here.
Cheers,
Ivan.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
DavoodWadi
2 years ago
Couple of days ago you were pretty bearish USDCHF.
How has that changed?
Reply
IvanLabrie PRO DavoodWadi
2 years ago
The Swiss franc seems to be weaker than most currencies, after the SNB induced earthquake. I excluded that gap down from the chart.
All CHF pairs look very similar, so, I assume the moves here are determined by chf strength or weakness, more than by the other currencies.
I never presented a long term forecast, I just trade, and that implies keeping a constantly changing viewpoint and jumping on opportunities in my view, and not marrying a forecast, with your ego at stake.
The times I did that, I lost big.
Reply
NickCoulby PRO IvanLabrie
2 years ago
Very true, the difference between forecasting and trading is a whole lot of $$$. Great basket here, really captures the outlook we are seeing for every CHF associated pair.
+1 Reply
G PRO
2 years ago
Hi, what do you think about following the FXF for an indication on the overall picture of the CHF pairs? Thanks!
Reply
IvanLabrie PRO G
2 years ago
Looks like too low liquidity, I think it's best to just analyze the FX pairs. Gaps and whatnot, not my cup of tea.
Reply
snapshot


CADCHF looks like a buy now.
Stop under the mode, preferrably a wide one.
Reply
Two days for the CHF major reversal date.
I'm in two short CHF trades already, very early entry...GBPCHF and AUDCHF longs.
Reply
Downtrend started!
Sold CHFJPY and bought AUDCHF and GBPCHF.
Reply
snapshot


I sold chfjpy short at 133.655, now at break even stop after covering 75% when my target was reached.
I'm looking to re-short the correction to ride it down into the next target area.
Reply
IvanLabrie PRO IvanLabrie
2 years ago
Placed short at 132.576, partial tp at 131.564.
Reply
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