USDCHF Breaking out of downtrend

[Aaron Copland]

Sentiment has never been this low of the US Dollar. I'm long USDCHF in the spot market. I will add to my position on dips and will ride this all year as lonf as the technicals remain.

 

[trackstar]

Long from 1.0360. Added to it this morning.

 

[Aaron Copland]

Quote from trackstar:

Long from 1.0360. Added to it this morning.

What did you see that made you get long from their?

 

[Aaron Copland]

Quote from trackstar:

Long from 1.0360. Added to it this morning.

Watch oil as near support 109-110 USDCHF may retrace. The two have been running opposite.

 

[Aaron Copland]

USDCHF/CRUDE daily chart

 

[Aaron Copland]

SWEET

 

[scalpmaster]

Downtrend or uptrend? Are you looking at your LCD upside down?

 

[SusanaDT]

What is the purpose of the MACD on that chart ?

Susana

 

[scalpmaster]

Quote from SusanaDT:
What is the purpose of the MACD on that chart ?
Susana

MACD and all the colorful indicators make you feel like a professional trader like those you see behind the fund managers being interviewed on CNBC and Bloomberg.

 

[SusanaDT]

Quote from scalpmaster:

MACD and all the colorful indicators make you feel like a professional trader like those you see behind the fund managers being interviewed on CNBC and Bloomberg.

Agree.

If they only knew most of the pros just use lines.

Susana