4xForecaster
Long

Bullish Reversal Signaled ... | $USD $CHF #SNB #FED #forex

FX:USDCHF   U.S. Dollar/Swiss Franc
418 3 4
Friends,

A signal came through yesterday, triggering a long trade contemplation, as the signal confirms a bullish market reversal confirmation in this pair.

Momental lines (ghosted) as classic trendlines are drawn (bolded) in the price field to highlight a mature bullish pace well underway.

Predictive analysis and forecasting system has defined TG-1 = 0.89792 as a moderate probability target.

Fundamentals are currently triggering USD bids; SNB recently left key rates unchanged. This is net BULLISH for this pair.

Cheers,


David Alcindor
Predictive Analysis and Forecasting


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Do you prefer the short Eurusd or the long Usdchf?
Reply
@Destraga - Best is to look into your trading methodology. I would understand if this was causing frustration as a generic answer to your question, but it really depend what you see that's for you in this trade.

Particular things I would look for are:

1 - Pip potentials:
i.e.: Is one pip in one pair paying out MORE than one pip in the other. Not all charts pay out the same amount.

2 - The risk exposure:
i.e.: If there are identifiable places for stop-loss placement (for instance, a recent structure high, a trendline, ... etc), is one offering a sooner way out of the trade if it turned against you compared to the other.

If you identified that both points above pertain to the same chart, then it's a no-brainer. If not, I would look at what's most important for the trader: earnings per pip move? Or risk management?

In the case of the USDCHF, there is a lot of space left below before reaching support off of the rising trendline, whereas in the case of the EURUSD, price just broke below its support, so if it rallied, it might not have to go too far.

Overall, these are the type of consideration I like to bring up to more junior traders, as not everything as as straight forward as it seems, as your question suggests you already found out.

Best,

David Alcindor
Reply
I looked into the same things, pip potential and support resistance levels. However with the less margin needed for the USDCHF over the EURUSD I see the Dollar Franc moves to be more worth while as it is roughly $50 less margin needed per 1 dollar lot traded. Taking into point the EURUSD dollar rough 250 pips tp and the USDCHF 111 pip potential long at 2.8 lots over the eurusd trade with a 1.5 lot trade with the same spare $140 margin makes the USDCHF trade a better option. Better bang for the trade.
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