We've seen the Swissy under pressure across all pairs since the start of the year.
I'm out of position SHORT GBP/CHF but still believing we're going to see alarge move south on this and other CHF pairs.
EUR/CHF is now signalling a SELL trade on Pivot Point SuperTrend and although the Andean Oscillator is still waiting to catvh up, its no longer BULLISH and I expect the red SELL line of the A.O. to start heading north as the price declines.
The EMA's are lloking BEARISH with the 25 crossoing the 50 and both these pointing south.
There are headwinds coming from the 100 EMA at .9436 which I don't expect to hold up SHORT trades but the 200 EMA at .9408 may well do so.
Thats 36 pips away so the position wil have to be re-evaluated should price make it down there.
I'm out of position SHORT GBP/CHF but still believing we're going to see alarge move south on this and other CHF pairs.
EUR/CHF is now signalling a SELL trade on Pivot Point SuperTrend and although the Andean Oscillator is still waiting to catvh up, its no longer BULLISH and I expect the red SELL line of the A.O. to start heading north as the price declines.
The EMA's are lloking BEARISH with the 25 crossoing the 50 and both these pointing south.
There are headwinds coming from the 100 EMA at .9436 which I don't expect to hold up SHORT trades but the 200 EMA at .9408 may well do so.
Thats 36 pips away so the position wil have to be re-evaluated should price make it down there.
Trade active:
24/1/24 10:11 STOP moved to just better than break even. Target same
Trade active:
24/1/24 14:09 STOP moved to just above 200 EMA (+28 pips)