IvanLabrie

USDCHF: Pullback in an uptrend

OANDA:USDCHF   USD/CHF
137 0 11
3 months ago
It appears like USDCHF             will make a retracement here after breaking out of the current uptrend linear regression channel. I think we could expect it to act like USDJPY             , and possible, gold             , silver             , nzdusd             and the Euro             .
I expect funding currencies to be weak in the long term, and the 6 month timeframe shows potential for a massive uptrend in this pair.

If you want to take the short, keep stops above the recent high, or if very aggressive, above 1.01655.
You can aim for a retest of the election daily highs give or take. After December FOMC, we'll have our answer, but remain vigilant for the longer term uptrend resumption thesis. Either way, this pair favors buying or selling oversold extremes, so also keep that in mind.

Good luck,

Ivan Labrie.
3 months ago
Comment: On track.
3 months ago
Comment: I'd watch and wait to go long here, same in USDJPY.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out