Awaited Dollar Rebound, Too Expensive Franc

2 thg 9

CHF
- Market Internals
- SNB doesn't like it high

USD
- Strong GDP data. Claims were released slightly below the cons.; ISM PMI positive expectations
- Oversold dollar due to exaggerated cut expectations
- Bullish CFTC

Technical & Other

Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: Local mirror level, 3R
Risk: 0.22%; 1R

* 1st entry 0.5R near the down band of the local range (buy limit); 2nd 0.5R when 1h closed above DMA(10)

2 thg 9

Ghi chú

CHF shrugged off positive Retail sales and PMI data - another reason to stay bullish here

3 thg 9

Đóng lệnh: dừng lỗ

Breakeven