USDCHF
update on trade, still bearish looking for the retest of the broken falling wedge. And i cant see a push higher after resistance until we at least get a retest of the trendline.
For now staying in the position and considering the current phase as drawback.
& we need to keep an eye on price closely for GDP data in a few hours. Right now im trusting our hand, as downside still has a good bias. Fib levels, rejecting price, Retest due of the wedge, everyone expecting USD positive for fundamentals, for my understanding im picking up negative expectations and then a 25bp rate cut next week!
We just need to be patient here though, and trust our hand. You have to trust technical and trade what you see.
For now staying in the position and considering the current phase as drawback.
& we need to keep an eye on price closely for GDP data in a few hours. Right now im trusting our hand, as downside still has a good bias. Fib levels, rejecting price, Retest due of the wedge, everyone expecting USD positive for fundamentals, for my understanding im picking up negative expectations and then a 25bp rate cut next week!
We just need to be patient here though, and trust our hand. You have to trust technical and trade what you see.
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