USD/CHF Week update 30/10 to 3/11/2023
Buy Today <0.90-0.8980>Stop 0.89. Target on FOMC day 0.9120.
Recur entries long on FOMC @ 0.9050/80 to target 0.9120/50
Recur longs on retractions in soft employment #s on NFP @ 0.9050/80 (shoulder level) to take profits next week <0.92/0.9230>
This is a choppy trend, & to maximize yield in an efficient manner, entries have to be retaken with short / meduim target projections.
Position traders can hold till end of year fot 0.9450.This is a positive swap trade.
Profitable Trading
Summerset
Recur entries long on FOMC @ 0.9050/80 to target 0.9120/50
Recur longs on retractions in soft employment #s on NFP @ 0.9050/80 (shoulder level) to take profits next week <0.92/0.9230>
This is a choppy trend, & to maximize yield in an efficient manner, entries have to be retaken with short / meduim target projections.
Position traders can hold till end of year fot 0.9450.This is a positive swap trade.
Profitable Trading
Summerset