USDCHF Breaking out of downtrend

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.

 

Long from 1.0360. Added to it this morning.

 

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

 

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

 

USDCHF/CRUDE daily chart

 

SWEET

 

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

 

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.

 

Agree.

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

Susana