ErnieTrades_

Thesis: Long on NZDCHF

Long
ErnieTrades_ Aggiornato   
OANDA:NZDCHF   NZD/CHF
Entry .5856

SL .5699
TP .6300

What are institutional traders doing?

We see NZD has a long % of 41.9 and CHF at 10.63%. Clearly showing institutional traders favoring CHF

What are retail traders doing:

Retail traders are 44% LONG and 56% SHORT. This information really only has a significance when retails tend to favor one side by more than 60%.

What history tells us?

Based on historical data, this market tends to rise during this month.

Fundamentals: GDP growth and interest rates favor NZD while inflation and unemployment favors CHF
Trade chiuso manualmente:
Closed trade at .5985 with .83% profit

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