ForexWeeklyAnalysis
Long

Pending Long USD/CHF in Low 0.87XX Region

FX:USDCHF   U.S. Dollar/Swiss Franc
197 32 3
Wait for price to hit bottom trend line (around low 0.87XX region) for a possible long.
Take profit when price hits top trend line (around mid 0.90XX region).
Consider exiting if price closes below the bottom trend line .
Trade can last between 1 to 3 weeks, so be patient with this one.

I opened a new forex account to track the performance for my analysis here on trading view, you can see my entries on USD/CHF             here: http://www.myfxbook.com/members/FXWeeklyAnalysis/forexweeklyanalysis/864999.
I think USDCHF is heading for the previous lows. I expect it to stop and reverse at 8867.
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ForexWeeklyAnalysis ForceFollower
Yea, I'm targeting the low to mid 0.87XX region as well. I posted the new analysis here:
Short term Short USD/CHF 0.883X region (daily trend line)
, so use that chart to comment from now on please, this one is outdated at this point.
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I hope you all managed to catch some pips on this one, I exited my position on the tracking account but on my regular account, I just took some partials for 120 pips. Not sure if I would load again if price drops back down to the trend line though... I'd have to wait and see what EUR/USD does first. So for those of you who don't have a position, 'proceed with caution' if price retraces back to the original entry region.
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ForexWeeklyAnalysis ForexWeeklyAnalysis
If EUR/USD holds the low 1.38XX region and bounces, then USD/CHF might tank downwards...
Low 1.38XX will decide if EUR/USD had a fake breakout or not
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itaskar ForexWeeklyAnalysis
I hope :) I went short at 0.8749
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ForexWeeklyAnalysis ForexWeeklyAnalysis
Given that I'm long EUR/USD, I decided to close the bulk of my remaining long position on USD/CHF for an average gain of 90 pips. I'm still holding 20% of my position from 0.8705 though.
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ForexWeeklyAnalysis ForexWeeklyAnalysis
Considering I just took a short position, I exited the remaining 20% at 0.8840 for a total of +135 pips.
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Tomorrow is a double whammy with SNB and FOMC
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ForceFollower ForexWeeklyAnalysis
When is SNB? I can't see it in my calendar. At the time of FOMC?
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itaskar ForceFollower
in my calendar is on thursday
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