USDCHF short idea
USDCHF has been rallying and in the process removing supply and creating demand. Price is getting high on the curve so taking long positions is becoming less and less favourable.
We have a powerful rally base drop at 1.0050 with a strong takeoff and the imbalance created is favourable.
I am looking to short 1.0050. However, before we get there, there are a few drop base drop supply zones which price will need to get through, expect some seesawing to happen near the two lower levels.
Target for the short is 0.97500.
We have a powerful rally base drop at 1.0050 with a strong takeoff and the imbalance created is favourable.
I am looking to short 1.0050. However, before we get there, there are a few drop base drop supply zones which price will need to get through, expect some seesawing to happen near the two lower levels.
Target for the short is 0.97500.
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