With the markets Middle East and tariff concerns put to one side for time being, a risk on trade currently seems viable. The positive mood is backed up by FED board members turning dovish.
This could be classed as either a 'risk on' or '4hr support and resistance' trade simply a 'risk on' trade.
The risk to the trade is negative sentiment. Chair Powell is speaking again today, but I can't envision he will say anything out of the ordinary compared to yesterday. Another risk is that I may look back and a different pair may have been a better option to trade, but I feel CHF strength is overdone considering the growingly positive environment.
This could be classed as either a 'risk on' or '4hr support and resistance' trade simply a 'risk on' trade.
The risk to the trade is negative sentiment. Chair Powell is speaking again today, but I can't envision he will say anything out of the ordinary compared to yesterday. Another risk is that I may look back and a different pair may have been a better option to trade, but I feel CHF strength is overdone considering the growingly positive environment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.