USD/CHF Short
Technical:
1. Overbought (like your Black Friday wishlist) USD on RSI and oscillating indicators, also known as "oscillators".
2. Price near long term support/resistance line, also know as "line". You didn't know that.
3. hourly and 4 hourly candles confirmed red. Very romantically.
Fundamental:
1. USD exhaustion after the frenzy, post America becoming great again, again.
2. Yesterday, Jerry Powel signalling no changes to rates near term. "No rush to cut interest rates".
3. No changes to Swiss interest rates until Dec/12. Next US Fed on Dec/18. The likely cut on the 12th likely to add bearish pressure on USD/CHF. So for now, we choose the bear.
Sentimental:
Myfxbook is +75% short on USD/CHF. Everything they say on myfxbook is 100% accurate. Some might even call it the gospel.
Potentially...could be very wrong, we don't know:
Entry: Sell 0.8900
Stop Loss: 0.8950
Take Profit: 0.8800
Carrot to stick ratio: 2 to 1, like a Lisa Ann movie
Trading isn’t gambling—unless you’re losing, then it’s data collection.
*This is NOT an investment advise. Only created for entertainment
1. Overbought (like your Black Friday wishlist) USD on RSI and oscillating indicators, also known as "oscillators".
2. Price near long term support/resistance line, also know as "line". You didn't know that.
3. hourly and 4 hourly candles confirmed red. Very romantically.
Fundamental:
1. USD exhaustion after the frenzy, post America becoming great again, again.
2. Yesterday, Jerry Powel signalling no changes to rates near term. "No rush to cut interest rates".
3. No changes to Swiss interest rates until Dec/12. Next US Fed on Dec/18. The likely cut on the 12th likely to add bearish pressure on USD/CHF. So for now, we choose the bear.
Sentimental:
Myfxbook is +75% short on USD/CHF. Everything they say on myfxbook is 100% accurate. Some might even call it the gospel.
Potentially...could be very wrong, we don't know:
Entry: Sell 0.8900
Stop Loss: 0.8950
Take Profit: 0.8800
Carrot to stick ratio: 2 to 1, like a Lisa Ann movie
Trading isn’t gambling—unless you’re losing, then it’s data collection.
*This is NOT an investment advise. Only created for entertainment
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