Hi there!
We've got another potentially interesting situation: long USDCHF. After a massive slide down, USDCHF is recovering, and it's reasonable to try to open a trade around the breakout area of a small formation, as indicated on the chart.
SNB (Swiss National Bank) decreased its interest rate in March and triggered a dovish monetary cycle, while the Fed is still far away from this scenario. So, the Swiss Franc would logically stay under pressure against the US dollar within the present cycle.
The big bullish candlestick on the daily chart on Friday points to a continuation of growth of USDCHF.
I am considering placing a position with a relatively small stop of 15 pips, as intraday volatility of USDCHF is quite low.
Don't forget to DYOR and manage your risk!
We've got another potentially interesting situation: long USDCHF. After a massive slide down, USDCHF is recovering, and it's reasonable to try to open a trade around the breakout area of a small formation, as indicated on the chart.
SNB (Swiss National Bank) decreased its interest rate in March and triggered a dovish monetary cycle, while the Fed is still far away from this scenario. So, the Swiss Franc would logically stay under pressure against the US dollar within the present cycle.
The big bullish candlestick on the daily chart on Friday points to a continuation of growth of USDCHF.
I am considering placing a position with a relatively small stop of 15 pips, as intraday volatility of USDCHF is quite low.
Don't forget to DYOR and manage your risk!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。