Long for USD/CHF

Nestup
Nestup
Sep 05, 2014 at 17:18
483 Views
5 Replies
Nestup
Nestup
Member Since Sep 05, 2014   2 posts
Sep 05, 2014 at 17:18
Maybe it was a entry too early for longing Swiss.

but I still wanted to try even if I was wrong .

Tonight is a risk and a bet .
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CrazyTrader
CrazyTrader
Member Since Nov 21, 2011   1718 posts
Sep 06, 2014 at 01:18
At least you entered into the trend direction:

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niceGLer
niceGLer
Member Since Dec 28, 2013   171 posts
Sep 07, 2014 at 06:31
I would wait until the prices are closer to the rightmost support line drawn in the chart of CrazyTrader. If they break through that line it might be a short selling situation again. Currently, the distance is still about 100 pips.
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alexforex007
alexforex007
Member Since Oct 11, 2013   775 posts
Sep 07, 2014 at 18:35
As long as the US fundamentals keep supporting the Dollar, the pair may continue going higher, but there is the risk of a correction.
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niceGLer
niceGLer
Member Since Dec 28, 2013   171 posts
Sep 10, 2014 at 06:39
Now it seems that the price is ascending again after being ranging within about 60 pips. Would you call that a correction, or is it likely that USDCHF will yet try to move closer to the support line?
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alexforex007
alexforex007
Member Since Oct 11, 2013   775 posts
Sep 12, 2014 at 04:18
The USDCHF has found a good resistance at the 200 week EMA, around the 0.9394 level.
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