****Daily signal in EUR/CHF, EUR/JPY,
short EUR/JPY
short EUR/CHF
****waiting for hourly signal****
no signal no trade
****Daily signal in EUR/CHF, EUR/JPY,
- We had a political catalyst today from France with Le Penn officially launched her Presiential bid for the upcoming French election. This has caused another panic to the eurozone, although nothing new, but this has somehow reiterated the political unstableness that is about to come for 2017 for Euro. Because of this, the market has been panic and money has flow into the safe heaven currencies of CHF & JPY. We think on top of the euro geopolitical situation, we also have the U.S negative risk sentiment from Donald Trump, so by an large the global economy is simply is a very vulnerable situation now. Because of this, we think any sign of worry will cause surge into Japansese Yen and Swiss Franc. Today we have a good daily signal in both EUR/JPY & EUR/CHF and we would like to see if we can find a technical entry point in hourly chart during London session.
- The catalyst was the political situation in France and eurozone. We think this risk sentiment will continue as we’re approaching into the actual election, and we also have another risk off sentiment from U.S from Donald Trump.
- Both EUR/CHF & EUR/JPY are at a very low point but still a lot of room to go in the historical low. We’re slightly below PP level in EUR/JPY with S2 at 119, daily range is around 115 pips.
- The risk is to get in at too low as market might calms down after the turmoil event of today. So if we’re too close to the S2 or daily low, then the trades are not valid.
- I’ll manage it with risk sentiment and any new updates from eurozone and France election.
- Yes but only if we have an hourly signal to enter
short EUR/JPY
short EUR/CHF
****waiting for hourly signal****
no signal no trade