$USDCHF Short Trade Idea - Watch Listed
See chart for targets to downside.
This is a trade that would assume either
USD getting weaker, or CCHF getting stronger, or both. From the look of the futures markets, it is tough to say, because the dollar has sold off for 6 days straight (7 including today if we finish red) and the Swiss Franc is right up at support, and showing signs of reversal on the daily (opposite of what we would see here if the trade worked out).
Due to these conflicting signals, this is on my watch list for now. I want to see more confluence and agreement between fundamentals and technicals before I look to enter the trade.
This is a trade that would assume either
USD getting weaker, or CCHF getting stronger, or both. From the look of the futures markets, it is tough to say, because the dollar has sold off for 6 days straight (7 including today if we finish red) and the Swiss Franc is right up at support, and showing signs of reversal on the daily (opposite of what we would see here if the trade worked out).Due to these conflicting signals, this is on my watch list for now. I want to see more confluence and agreement between fundamentals and technicals before I look to enter the trade.
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