Hi Guys,
on Feb 11, 2019 I posted some thoughts on EUR/CHF and USD/CHF in relation to their PEG (please refer to the Related Ideas linked below).
EUR/CHF at 1.20 (A)
USD/CHF at 1.02 (A)
Both are travelling below their PEGs.
With reference to the 4H Chart posted above, please note it is just a structure and do not provide any trading opportunity for the time being in accordance with my trading "style".
In relation to their PEG, EUR/CHF is lagging compared to USD/CHF but I don't think I can be sure that EUR/CHF will catch up. Yet.
EUR/CHF on the weekly chart may want to touch the 225SMA again before running up towards its PEG if USD/CHF crosses and run above its PEG.
But the fact that USD/CHF hit its PEG does not mean that EUR/CHF will hit its PEG too. In the past USD/CHF hit its PEG several times whilst EUR/CHF only once back in April 2018.
Strategy: Wait & See
Watch out for news & datas that may help to indentify moments of strenght or weakness of the Swiss Franc.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
on Feb 11, 2019 I posted some thoughts on EUR/CHF and USD/CHF in relation to their PEG (please refer to the Related Ideas linked below).
EUR/CHF at 1.20 (A)
USD/CHF at 1.02 (A)
Both are travelling below their PEGs.
With reference to the 4H Chart posted above, please note it is just a structure and do not provide any trading opportunity for the time being in accordance with my trading "style".
In relation to their PEG, EUR/CHF is lagging compared to USD/CHF but I don't think I can be sure that EUR/CHF will catch up. Yet.
EUR/CHF on the weekly chart may want to touch the 225SMA again before running up towards its PEG if USD/CHF crosses and run above its PEG.
But the fact that USD/CHF hit its PEG does not mean that EUR/CHF will hit its PEG too. In the past USD/CHF hit its PEG several times whilst EUR/CHF only once back in April 2018.
Strategy: Wait & See
Watch out for news & datas that may help to indentify moments of strenght or weakness of the Swiss Franc.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
