Saxo Group Videos

Coleman: USDCHF on the slide

Ian Coleman is trading USDCHF. He notes "mild net daily gains but all trading confined to the previous day’s range, an indecisive Inside Day. Due to an Ending Wedge formation, we continue to treat extended gains with caution. The trend of higher highs is located at 0.9750. The rally is close to an exhaustion count on the intraday chart. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. A break of bespoke support at 0.9660, and the move lower is already underway."

Selling: 0.9722

Stop: 0.9760

Targets: 0.9660 and 0.9560

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01:09 minutes
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