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

FX:USDCHF240

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Dec 1, 2015 9:41 AM

Be Conservative here! take profits off at the 61.8% Fib

Comments

a.h1979

⋅ Dec 8, 2015 10:41 AM

hey CharlieFX
whats your expectations and plan for USDCHF

proptrading

⋅ Dec 8, 2015 10:54 AM

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

a.h1979

⋅ Dec 8, 2015 11:02 AM

proptrading

⋅ Dec 7, 2015 6:38 PM

Thanks Rop!

CharlieFX

Ropper

⋅ Dec 7, 2015 12:02 AM

Amazing prediction man , well done!!