Weekly 50% Retracement Play For The USD/CHF
For now, it looks like Russia/Ukraine risk-off sentiment remains palpable.
Risk-off means positive action in the safe havens. For the USD/CHF, the Weekly 50% Retracement at 0.9217 is coming into play. Here's the trade:
1) A buy from 0.9221
2) A 1:1 risk vs. reward worth 25/25 pips
3) If you take this trade, beware of the FOMC Minutes release at 2:00 PM EST!!!
Risk-off means positive action in the safe havens. For the USD/CHF, the Weekly 50% Retracement at 0.9217 is coming into play. Here's the trade:
1) A buy from 0.9221
2) A 1:1 risk vs. reward worth 25/25 pips
3) If you take this trade, beware of the FOMC Minutes release at 2:00 PM EST!!!
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