With the Dxy(usdoller) producing a reversal for usdoller strength and some high impact news reports out today looking for this to correlate and send the usd/chf higher .
Stop loss: 0.99067
Take profit: 1.00350
Stop loss 82.985
Take profit: 80.705
The pair is very squeezed on the intraday timeframes & the weekly is showing exhaustion backing up the confluence for the short.
Short entry If price manages to break 109.550 could bring the market back down to 108.375 taking out the higher low which was made at the end of January at 108.494,
Scaling down to the 4hour timeframe can see the HL which bulls would of kicked in to push the usdjpy back up in price which was correlating with the usdoller( dxy ) and many other usdoller pairs this...
Short entry If prices manages to break 109.550 could bring the market back down to 108.375 taking out the higher low which was made at the end of January at 108.494,
Scaling down to the 4hour timeframe can see the HL which bulls would of kicked in to push the usdjpy back up in price which was correlating with the usdoller(dxy) and many other usdoller pairs this...
Short entry if price reaches 124.873.
The pair has been decelerating nice the last 3days, with the two weekly closes backing up the confluence.
Stop: 125.461
Take profit: 123.405
If price fails to break 74.439 by todays daily close we will look at changing entry orders to the next daily candle, or cancel the entry completely depending on how the daily candle closes.
Short entry if price reaches 124.873.
The pair has been decelerating nice the last 3days, with the two weekly closes backing up the confluence.
Stop: 125.461
Take profit: 123.405
