SXY trade ideas
CHFJPY SHORTAyo Fuck the US and what they think.
Swiss Banks do what the fuck they wanna do.
You think the FED are the only fucks who wanna devalue their own currency?
Difference between FED and Swiss Banks is that the Swiss Purchased APPLE with their bank money
While the FED bought FAILING US CORPORATIONS
Thats why Swiss Banks are gangster nigga
CHFJPY SHORTAyo Fuck the US and what they think.
Swiss Banks do what the fuck they wanna do.
You think the FED are the only fucks who wanna devalue their own currency?
Difference between FED and Swiss Banks is that the Swiss Purchased APPLE with their bank money
While the FED bought FAILING US CORPORATIONS
Thats why Swiss Banks are gangster nigga
Swiss Franc (Daily Double Top)The Swiss Frank has a daily double top and hopefully will fall next week. Im looking for sell trades here!
So maybe i will buy usd/chf , sell chf/jpy , buy gbp/chf
SXY to 113.00!Flat top triangle pattern is expected to be completed!
Feel free to state your opinion!
Cheers!
Weekly Trading Analysis 01.10.2020This is the weekly analysis of the Major Indexes.
From this analysis, we can form a high probability pairing of the currency pairs we should be trading.
SXY 31 October 202031 October 2020
As anticipated, SXY has broke the support trend line from last week movement.
At the moment it's at another support area, and stoch is nearing in oversold area.
Would rather wait & see if support will be broken in next week market movement?
Is the Franc Bullish?The franc will weaken significantly.
Why?
Because most people think it will gain strength.
Weekly Analysis CXY, SXY & BXYNOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
SXY (Swiss Franc) Swissie So, the Swiss Franc is generally used as a reserve currency. Something different from The Reserve Currency, but similiar. During times of high volatility investors look to throw their money in safe haven currencies like the Swiss to protect from the wild whipsaws of the market.
So, here on the swiss there are no Harmonic Patterns to speak of so the COT data will have to work.
So, what we have is the Swissie is the Non-Coms took a major step foraward toward the Zero Line.
The commercials have further increased their longs to 16,366 which is a 1,934 increase from 14,432 and the Non-Coms are really increasing their shorts by double. We went from 4,375 to 8,697 orders short which is an increase of 4,322.
Now on to the Net data:
the Commercials:
current- (4,280) // Previous- (7,754)
Non-Coms
Current- 1,766 // Previous- 8,989
So as you can see we have taken major steps to the zero line especially in regards to the Non-Coms which i think the Swiss' bull run is coming to an end, and it might be wise to plan on shorting the Swiss here pretty soon.
