USD - BEARISH
1️⃣ Investors remain focused on the Fed decision. The Fed is expected to keep its dovish tone and reinforce it will do whatever is necessary to shore up the US economy and tapering is not expected anytime soon.
CHF - BULLISH
1️⃣ CHF benefitted from broad weakness in the dollar.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
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Technical
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- We are selling the USDCHF at SBR on M15 chart.This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Investors remain focused on the Fed decision. The Fed is expected to keep its dovish tone and reinforce it will do whatever is necessary to shore up the US economy and tapering is not expected anytime soon.
CHF - BULLISH
1️⃣ CHF benefitted from broad weakness in the dollar.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
=====
Technical
=====
- We are selling the USDCHF at SBR on M15 chart.This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached:
✅ TRADE HAS HIT TP
+10 PIPS
+10 PIPS