Saxo Group Videos

Coleman: USDCHF upside action

Ian Coleman outlines his strategy for buying USDCHF based on an anticipated break in the Dollar Index. Ian expects a break in a wedge formation to the upside after a stall yesterday at the 261.8% extension level at 95.60, a pause in the bullish dollar action.

The Wedge target is 96.10, currently at 95.47, so Ian sees scope for upside pressure in the Dollar Index.

Buying small dip and at market : Also buying at bespoke level 0.9330

Stop: 0.9300

Targets: 0.9435 0.9469 (bespoke resistance)

See Saxo Bank client's open orders, including USDCHF, here:https://www.tradingfloor.com/tools/fx-open-orders

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01:07 minutes
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