NZD/CHF H1
In the hour, a sideways phase is forming, which just shows bottom-building tendencies, and thus there would be a good chance to break out upward. Target would then be the 61% level or the white line as 1st target for me! Later, what could naturally take a few days, the old levels before the crash!
USD/CHF Daily
First stabilization attempts are running. Should this succeed, the 1st target would be around 0.87xx.
CAD/CHF Daily
Here the price wasn’t hit as badly as in other pairs, therefore recovery could happen faster. Should the price go above the white line, we’re back in the old trading range and continue long from below!
EUR/CHF Daily
The price has generated no new all-time lows and is currently stabilizing here in the best case. A 1st target for long lies at 0.9450.
The 1st position is even still running here.
GBP/NZD Daily
The uptrend channel still holds the price! We bounced off above, and thus we could correct downward over the next days! Consider RMM and 1-1-1.
EUR/GBP Daily
A pullback to the 38% level down to 0.84877 would be appropriate and important. Probably when it normalizes again, it continues to the 61% level. Please consider 1-1-1 and the distances and position sizes in this volatile market phase. I think it will come as always, that everything returns relatively quickly to its starting positions. We will see 😉
EUR/CAD Daily
The pair is approaching its upper range since 2009.
There are still about 500 pips until then. If you spread this out a bit via 1-1-1, you could attempt the first shorts here with good RMM. I would take at least 200 pips distance or more and first set a 1st position and observe how it runs, then adjust!
