Navigating the Market : USDCHF (EURUSD cousin)
Last week's range was 118 pips whilst the 20-week Average Weekly Range (20-day AWR ) was 124 pips. I would consider it as a range hit
This upcoming week's 20-week Average Weekly Range is 124pips. My bias for this pair is bullish (I am bullish on USD across the board) hence I will be looking to LONG at dips and/or at a completion of a stop hunts/liquidity run at a potential low of the week. My guesstimate of this upcoming week's low between 0.98800 and 0.99000.
If price enters this liquidity pool that will activate my bullish bias and I will wait for the bullish trigger. There is a reported Option Expiry at 0.97800, that would probably become my first take profit target. It coincides with a liquidity pool to the upside as well and 13-18 pips aways from the 20-week Average Weekly upside projection.
No risk event for U.S and Switzerland
This upcoming week's 20-week Average Weekly Range is 124pips. My bias for this pair is bullish (I am bullish on USD across the board) hence I will be looking to LONG at dips and/or at a completion of a stop hunts/liquidity run at a potential low of the week. My guesstimate of this upcoming week's low between 0.98800 and 0.99000.
If price enters this liquidity pool that will activate my bullish bias and I will wait for the bullish trigger. There is a reported Option Expiry at 0.97800, that would probably become my first take profit target. It coincides with a liquidity pool to the upside as well and 13-18 pips aways from the 20-week Average Weekly upside projection.
No risk event for U.S and Switzerland
