TradingView
RobertSoos
Feb 6, 2019 10:49 AM

EURCHF short: risk sentiment deterioration Short

EUR/CHFOANDA

Description

Fundamentals:
-key eco indicators further deteriorating (Ger factory orders, PMI, etc)
-no brexit deal -> EU and GB both will suffer

Technicals:
- daily 200MA reached
- fake out candle -> indication of bulls getting tired

Trade plan
- took a short from 1.1390 based on H4
- target 61.8 Fib retracement (1.1290)
- if risk sentiment improves, stocks move higher, CHF sold -> stop out @ 1.1428
More