Holla if you’re trading the dollah! And even if you aren’t, tbh.
Check them out and see if you can make pips from these swing trade setups.
USD/CHF is chillin’ like ice cream fillin’ just above .9100, which is right smack at a channel resistance that’s also around the 100 SMA on the 4-hout time frame.Will the dollar extend its downtrend against the franc? Selling at current levels would be your best bet if you believe that USD/CHF’s downtrend isn’t over just yet.
You can place your stops just above the 200 SMA and then target October’s lows for a boss-level risk ratio.
Feeling bullish on the dollar? That’s fine, you can also buy USD/CHF at the first signs of a break above the channel and then aim for previous areas of interest near the .9200 MaPs or even September’s highs near .9280.
Where my Guppy traders at?
GBP/JPY looks ready to bounce from the 135.50 handle that’s right at a range support that hasn’t been broken since late September.If pound bulls manage to maintain GBP/JPY’s bullish momentum, then the pair could see a retest of the 136.70 mid-range levels or even September and October’s highs near 137.50.
But what if this week’s range “breakout” was legit and bears are just taking a breather? If you see the pound consistently trade below the range or below its October lows, then you might want to think about shorting GBP/JPY all the way to its September lows near 134.00 or 133.25.