Short US Dollar vs Swissie (Hourly)
USD has lost a lot of steam this week and I expect this to continue coming into the next few weeks (Despite already hitting weekly lows). Swiss Franc (known as a fairly stable currency) is one of the best choices in this current market environment, especially considering we may see massive selling in EUR in the coming days.
Started to look short around 0.9650 but if you can see that a larger bullish flag formation is being created. This if you were to combine what you know from the fundamental analysis and what the chart is showing it would mean the current intraday trade is short USD and long CHF. I know confusing right?
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Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Started to look short around 0.9650 but if you can see that a larger bullish flag formation is being created. This if you were to combine what you know from the fundamental analysis and what the chart is showing it would mean the current intraday trade is short USD and long CHF. I know confusing right?
For more full analysis, trading ideas and tips feel free to subscribe to my newsletter.
Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Trade active:
Holding an important resistance level as established. Looking for a reentry.
