The charts aren’t a whole lot of help to me with this trade and my reasoning has been fairly simplified; the breakdown in Gold and the sell-off in the Yen should be enough of an indicator to drive the market out of its supposedly ‘safe’ safe-haven trade in the CHF.

I prefer to trade this idea via the USD rather than the EUR, but I’ve been finding it tricky to find the correct levels to increase the position at. I’ll just sit on the position for a while and hope that volatility picks up, as I find that trading swings is easier in volatile markets.