RickyChand

EURCHF MAJOR ZONE

FX:EURCHF   Euro / Swiss Franc
Not really a call therefore i put this idea as educational. The EURCHF seems to be at a very important resistance where the major sell off occurred at the end of 2014-15. There seems to be a lot of news indicating that the CHF will weaken further due to the negative interest rates and the SNB allowing the further depreciation of their currency - but in my opinion the TA will tell - on the higher time frames i think we should look for a divergence and couple it with the upcoming chf news this week for a SELL . A major opportunity with low risk compared to the reward and if we're wrong.... oh well. I think the euro will go back to the zone... no doubt , but just not yet.
Comment: 400 pips in profit +

close half and hold the rest with break even stop
Comment: target reached
Trade closed: target reached
Sell limit at 1.2000... that is my only play for now.
+1 Reply
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