EURCHF - Taking a chance on several daily rejections

١٨ أبريل ٢٠٢٣

While the SNB hasn't really signals any policy change for short-medium term, considering that global inflation has started to cool down, there is quite a chance that they cannot keep hiking rate at some point. Meanwhile, the technical side of it shows a potential buying condition that hard to miss.

As you might see on the chart, based on those conditions, I prefer not to take an aggressive approach. Waiting for the price made a new high in lower timeframe, or at least a new daily high would be better before taking a long trade.

"Trading is NOT about how often you are right!! Trading is a mathematical calculation of the ratio of the results you WILL get to the risk you MAY spend!!!"