USDCHF March'16 view

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Feb 29, 2016 2:20 PM

Short above 1 into 50% retrace of Dec'15 drop

Long 0.965 into 50% retrace of Mar/Apr move
~50% retrace of Aug move

Ultimate goal is to get long for a long term hold

USDCHF

Comments

Genghis

⋅ Mar 19, 2016 3:32 PM

Outstanding
A. Jan15 range: Bull break Nov15 50% retrace 0.927 Target 1.033+
B. Mar-May15 range: Bull break Nov 15 50% retrace 0.96 Target 1.033+
C. Aug15 range: Bull break Nov 15 50% retrace 0.958 Target 1.033+
Looking to buy at
- 96c level 50% retrace of B and C
- failing that buy around 93c (50% retrace of A, sub 23.6% of B, bottom of range of C)

Complete
D. Nov-Dec15 range: Bear break Feb 16 50% retrace 1.0057 Target 0.966-