Open trading account 
Hi fellow traders,
I'm heavily exposed on short EUR positions now and after last week moves it might give back those losses. Hopefully we will see few more legs this month so I could profit from them.
Part of that is long USDCHF trade which is pending around 0.97725, and stop at recent consolidation lows.
If it breaks to upside I will be looking for test of this year highs. But many things needs to align here, ECB, fomc hikes and reduction of balance sheet and etc.
It is really possible that we will see some deeper retracements but For me there is clear double bottom formation and to trade it we need some good breaks!
Good luck,
Cholia
I'm heavily exposed on short EUR positions now and after last week moves it might give back those losses. Hopefully we will see few more legs this month so I could profit from them.
Part of that is long USDCHF trade which is pending around 0.97725, and stop at recent consolidation lows.
If it breaks to upside I will be looking for test of this year highs. But many things needs to align here, ECB, fomc hikes and reduction of balance sheet and etc.
It is really possible that we will see some deeper retracements but For me there is clear double bottom formation and to trade it we need some good breaks!
Good luck,
Cholia
