****Daily signal USD/CHF****
LONG USD/CHF
****waiting for Daily Signal****
****Daily signal USD/CHF****
- USD had been suffered from the negative sentiment recently regardless the strong fundamental pictures. We had a lot of panic sells form Donald Trump’s comments and actions for the past 2 weeks, but market eventually will revert back to the fundamental and we think USD still has a strong strength in the long run. Sentimentally, the federal judge has halted the Travel Ban by Donald Trump which came as a big blow to Trump and a regained confidence for the global sentiment. Today we have a nice Big Shadow in the USD/CHF daily chart that is also supported by the 200 MA.
- The catalyst was the negative sentiment from Donald Trump that is a divergence with the fundamental picture of US. We have a good level in daily chart with strong enough daily signal.
- In hourly chart, we’re slightly above PP level and 100MA. Daily range is around 80 pips and we travelled 21 pips so far.
- The risk is any sudden risk off sentiment and news to sink this trade to the downside.
- I’ll manage it with news updates
- Yes but only if we have a strong daily signal.
LONG USD/CHF
****waiting for Daily Signal****