Kumowizard

USDCHF - close shorts (if u have). Temporary support ard 0,8700

FX:USDCHF   U.S. Dollar/Swiss Franc
67 1 1
If anyone was smarter than me and instead of betting long on weak buy signal kept the short position, should start to think about closing it. Slow Stoch is oversold on both time frames, Price is around bottom of the 4 Hrs bearish trend channel. USDCHF             may find some temporary support at 0,8700 area, and may even show some corrective move to 0,8800-0,8820 at best. But the big picture will stay unchanged, this general USD bear is very strong. No strategic USDCHF             longs recommended until we reach 0,8900 - 0,8950 levels. Any buyers have to keep in mind, the long is only counter trade now against the major trend. If someone still wants to play that way, Rather buy a 1M zero cost option structure (Short Put + Long Call, premium neutral) or buy a bullish Call Spread. Safer trade and better chances than going long outright.

Update: Contract options quoted in CHFUSD             . I bought some 22 days maturity 1, 1400             / 1,1250 put spread @ 0,0036 USD points.
ForceFollower
2 years ago
I'm still short. Looking to exit at some new lows.
Reply
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