Swiss franc weakened across the board today. USD/CHF used 100 DMA as a springboard for the move that took it to the highest level since January. EUR/CHF is trading at the highest levels since SNB discontinued minimum exchange rate at 1.20 in 2015. GBP/CHF is up 1000 pip from the low. A round of profit-taking would not come as a surprise at these levels.
al_dcdemo's Blog
Weekly review
I started the week well, earning 100 pips on GBP/CHF long (~2M). My plan was to scale in for the uptrend continuation, but it didn't materialize and I was stopped out on the second position (~3M). I then managed to recover my account equity from 30K to 70K, playing post-FOMC action on EUR/USD in both directions.
There's still one week and some to go till the end of this month's contest and I will keep trying. Chances are again slim, but it's not impossible to make 500-1000 pips in a week if vola…
There's still one week and some to go till the end of this month's contest and I will keep trying. Chances are again slim, but it's not impossible to make 500-1000 pips in a week if vola…