EURCHF - Taking a chance on several daily rejections
While the SNB hasn't really signals any policy change for short-medium term, considering that global inflation has started to cool down, there is quite a chance that they cannot keep hiking rate at some point. Meanwhile, the technical side of it shows a potential buying condition that hard to miss.
As you might see on the chart, based on those conditions, I prefer not to take an aggressive approach. Waiting for the price made a new high in lower timeframe, or at least a new daily high would be better before taking a long trade.
"Trading is NOT about how often you are right!! Trading is a mathematical calculation of the ratio of the results you WILL get to the risk you MAY spend!!!"
As you might see on the chart, based on those conditions, I prefer not to take an aggressive approach. Waiting for the price made a new high in lower timeframe, or at least a new daily high would be better before taking a long trade.
"Trading is NOT about how often you are right!! Trading is a mathematical calculation of the ratio of the results you WILL get to the risk you MAY spend!!!"
Adityan Mulia, M.T
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/centrillionproject
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/centrillionproject
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