Matl101

Oversold on multiple time frames like DXY, CHF will lose ground!

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
54 views
1
Looking at DXY , plus looking at forecasted data for CHF there will be a nice rebound for USD/CHF pair. We can already see a really nice rejection on the 1 hour candle and 4 hour candle. pay close attention to this pair. I have entered this trade on Friday, and have got a tight SL just incase it continues to drop lower, though highly doubtful. Due to Risk off sentiment this week, I will see that Dollar will gain some ground, with JPY gaining the most, unless the data for JPY will be very weak. Euro will go down due to brexit uncertainty + Germany suffering very heavily due to covid, further restrictions in many European countries.


What are your thoughts on this pair?

Comments