USDCHF Short - Combination of signals
Overnight the Swiss Franc moved lower as the government prepares to outline its working relationship with the EU.
Price found a floor at 0.9543, which triggered a 200 pip move higher.
Price has now retraced to resistance, which also coincides with the 38.2% retracement level.
The Fed is expected to raise rates tomorrow, which I believe is priced in, but i am placing stops above the 50% retracement to cover any false break outs.
Price found a floor at 0.9543, which triggered a 200 pip move higher.
Price has now retraced to resistance, which also coincides with the 38.2% retracement level.
The Fed is expected to raise rates tomorrow, which I believe is priced in, but i am placing stops above the 50% retracement to cover any false break outs.
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