AdamFx42's Blog

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Base for low formed in USD/CHF

I am long Eur/Chf right now at 1.224, looking for a return to 1.235, and seeing that I will have some work to do this week,
I was looking for another trade - my eye fell on Usd/Chf
It looks like the 0.89 lows are being rejected again on the daily chart after a 400 pip decline last couple of weeks
Maybe this is a good base for longs - I will be taking a chance here and putting in a large long around 0.894
I don't often trade this pair because I usually have no idea which way it is heading,
but th…
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Looking away from the majors today

Today is the release of the NFP figures in the US - these figures are expected to come in strong -- opinions among professionel traders forecast around +210k, while the consensus is around +170k
There is a good chance the major pairs will jump and fall a lot on the release, so I decide to stay out of these
I have found two interesting pairs to trade that will hold up technically whatever the release numbers are:
Aud/Nzd has dropped 500 pips the last couple of weeks, and seems to be supported ar…
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