Hi fellow Swissie traders
I have been establishing a long position trade on USD/CHF over the last month.
I admit I was sweating it as the price ground lower and lower until New Years Eve but its looking better now. I was stopped out of a portion of my position but now been able to take some profits back on the rebound.
My feeling is that this trade has relatively low downside with good upside potential. If we start to get some decent upside momentum I will be looking to actively buy the dips and increase my leverage.
Anyone else agree with my analysis or got any alternative thoughts?