Trade photo

Nothing has altered my view, the USD is still the most obvious long in town. Vs either a commodity currency, the JPY or CHF.

I've entered a 'support and resistance' USD CHF long based on the fact I can't envision the USD falling below 4hr support.

The risk to the trade is the plethora of US data this week, big tech earnings or US election news affecting the USD. Plus the SNB chair has a scheduled speech, but I can only imagine a dovish narrative.

I wouldn't blame anyone for staying out of the market at the moment, but I think this trade is worth a go.

It's a 20 pip stop loss with 30 pip profit target.

Feel free to email any questions: johnelfedforexblog@gmail.com