Hi there. I am planning to add more shorts in this one based on the following factors:
Fundamentals:
1. Trump denied "laying down" on the tariffs with China > Aussie pairs are weak.
2. When there is a lot of chaos around the big countries, investors go for gold. When gold price goes up >> CHF goes up.
Technicals:
1. We have a brakeout from a consolidation zone and the price re-tested it.
2. We have two key supports on a h4 chart to keep an eye for, expected to brake one retest and go for the bottom.
3. Price got rejected from the 38,2% FIBB level on a daily chart.
4. Price is under the cloud and we have a TK cross as well, expected to go down.
Fundamentals:
1. Trump denied "laying down" on the tariffs with China > Aussie pairs are weak.
2. When there is a lot of chaos around the big countries, investors go for gold. When gold price goes up >> CHF goes up.
Technicals:
1. We have a brakeout from a consolidation zone and the price re-tested it.
2. We have two key supports on a h4 chart to keep an eye for, expected to brake one retest and go for the bottom.
3. Price got rejected from the 38,2% FIBB level on a daily chart.
4. Price is under the cloud and we have a TK cross as well, expected to go down.
