Divergence from 200 EMA + uncertain market sentiment = BUY CHF

Cons
- USD in a bullish trend
- Interest rate differential favors USD carry trades
- 85% of retail traders are short USDCHF (myfxbook, 05/28)
Pros
- sensitive market sentiment favors CHF (Italy, Turkey, Trump negotiating N-Korea)
- CHF is volatile around the 200 EMA, diverged from it
- 38.2 Fib retracement is an obvious target

Trade aktif:

Im in the trade, local 50 MA and 23.6 Fib level needs to break down for a bigger down move. Real money flow increased to 6.46, Leveraged is selling -2.96

Trading ditutup secara manual:

Closed before TP:
-US CPI figures came stronger ahead of FOMC -> more hawkish Fed tone expected
- Flag breakout + H1 200 ema break

Komentar:

Breakout continued, relatively good exit @ 0.9862