Quote:
Originally Posted by Businka
I have been short the USD/CHF for a while, mainly because I suppose that this CHF strength is largely based on the parabolic move in the stock markets, which is clearly unsustainable given the economic fundamentals. Relative to risk exposure and the clear over-extension of these markets, I just don't see how the USD weakness over the CHF will continue much longer.
The lows for the year have been breached here and the chart appears to be be rounding off a bottom.
I know that the trend is your friend...until it isn't.
Where am I wrong?
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Businka, check this out. Now former support is now resistance for USD/CHF's daily chart. Not good for those bullish the pair.
Tons of bottom pickers out there according to the SSI. Bottom picking is usually unfruitful more times than not because a trend is statistically more likely to continue onward than it is to reverse.
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