proptrading

USD/CHF - Bearish Crab Conservative 0.40 (H4) (RSI-OB)

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Be Conservative here! take profits off at the 61.8% Fib

Comments

hey CharlieFX
whats your expectations and plan for USDCHF
Reply
Hi mate!

Well I am sure as of right now, GOLD FUTURES >> They are DOWN TODAY by -4.00 (-0.37%)

25% of Switzerland’s reserves are backed by gold. As gold prices goes up, the pair moves down, So in this respect.. Gold goes DOWN >> USD/CHF should go UP!

This is because of the negative correlation between GOLD and CHF

So on a 15 min Timeframe, you could look to buy / long for a short period just by looking at the GOLD FUTURES

All the best!

CharlieFX
Reply
a.h1979 proptrading
:)
Reply
Thanks Rop!

CharlieFX
Reply
Amazing prediction man , well done!!
Reply
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