I’m starting the week trying to short CHF. Two orders were placed, one to BUY GBP-CHF at 2.0510.

I’m looking for a breakout to the up side, or CHF weakness, target is 100 pips. Second order is in AUD-CHF and the target is also about 100 pips.

Here the buy order is placed at  0.9560. Swiss Franc just doesn’t look all that impressive here. I have to watch the GBP-AUD interplay here. Depending on the relationship between these two, I might cancel on of the above orders and stay only with the stronger one.

Mike K.