Golide is giving the love (with some help from her friends)First target is hit (Thanks Swiss National Bank). We will move stops up to just under our entry. The trade is at no risk and now we will sit on our hands and see how far she can go, As we mentioned this is a weekly setup so we expect a good size move. However, what we saw from the Swiss last night can be a game changer. USE STOPS AND DON'T BE A HERO. You job is to stay in the game.
Swissie
USDCHF 4h, due for a pullback?USDCHF 4h - Keeping an eye on the price action at those levels. There's a case to be made for a continuation of the upside move especially when looking at the daily an weekly charts.
The question here is if the pair will have enough momentum to move to the upside of the channel.
There's a bit of a price/indicator divergence going on here so I'm looking where the USDCHF is going to find support - 1st or 2nd arrow? ... and of course how price is going to bounce from those levels.
For now everything points to a bit of a pullback / consolidation.
Double Doji at Support on NZDCHFWhat's the only thing better than a doji? A DOUBLE DOJI! And that is exactly what we might be seeing today on NZDCHF. Traders may recall NZD plunged last week when the RBNZ raised rates on NZD. Now, after price plummeted to a major support level, we are seeing what looks like a double doji. I'll take this as a sign that the bears may be exhausted, and that the primary uptrend on the daily chart is ready to resume. I've entered at 7721, with my stop at 7691, and my target profit at 7871. This provides a risk/reward of 5.
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