I've gone with the 'hawkish AUD rhetoric' Vs the weak CHF momentum, backed up by suggestions the SNB nay well offer a 'dovish hold' on Thursday.
Given HASSETT'S comments, there is a case to say USD is the better short option, but in this moment, the USD has momentum Vs the CHF.
The other option would be JPY short and I might be wrong in thinking the yen is due a pullback.
The risk to the trade is negative sentiment, it also feels quite a bold trade as the chart might also pullback.
I will update at 8:30 UK time as to whether I will hold the trade during market close (if it's ongoing).
Given HASSETT'S comments, there is a case to say USD is the better short option, but in this moment, the USD has momentum Vs the CHF.
The other option would be JPY short and I might be wrong in thinking the yen is due a pullback.
The risk to the trade is negative sentiment, it also feels quite a bold trade as the chart might also pullback.
I will update at 8:30 UK time as to whether I will hold the trade during market close (if it's ongoing).
johnelfedforexblog.ghost.io
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
johnelfedforexblog.ghost.io
Join the mailing list to learn fundamental trading.
Join the mailing list to learn fundamental trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.