USDCHF continue to go up inside their Channel !!

Tonight US Dollar continued to be weaken amid the increase of covid 19 cases that continue to soars. investors have been piling up the money on the sidelines while retail investor actively buying and doing day trading. The emergence of application like robinhood which offer zero dollar commision on buying and selling stock have attract many trader expecially young people to try their luck on trading. there are famous saying that said " History told us that Human never learn from History".

Today situation could be compared to the event that occur in 2000, when dotcom buble burst and make stock market plumented. During that tragedy, retail trader is busy piling up their luck on buying technology company cause that company soars to the stars. Therefore in 2020, retail trader have the same strategy which could lead them to lose their money. They buy stock from company that declare bankruptcy and hope their value will be recover in near future. They treat stock market like a gamble arena. retail investor gonna profit in short term while the profesional investor aka milionaire sitting in the sidelines waiting for the bubble to burst.

So which side do you want to be ?

Comment:

The trade still inactive but USDCHF still ongoing to our buy stop target. Will continue to monitor how it's gonna end.

Trade active