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U.S. Dollar / Swiss Franc
Short

USDCHF, good RR Scalp

By botje11
Updated
Looks like a good solid bearish wedge here, good Risk Reward here, worth the shot

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Just the stop was too tight, hope your were alert enough to get back in after it broke the support line of the wedge. The first target is clear but because of this small false upside breakout, there could be much more potential. So i would close half at the target and let the rest run with a trailing stoploss

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Dropping text book style now. Would move stops to entry and moving it lower while it's dropping. This should go in a straight line towards the target, usually

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Dropping hard now, daily also a nice sell signal. For the ones who still have some in, i would move stops to those 2 yellow zones and ride it out towards the blue zone.

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I am taking profit if that red zone breaks. Has been a very decent ride down, much more that the first target, no time to get greedy now :) because there might be a move up from here

tradingview.com/chart/NLaO3VsL/
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Broke the red zone and the tight trail stop got hit. Going to post a new trade on this one

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Beyond Technical AnalysisChart PatternschfCHFUSDTrend AnalysisUSDUSDCHFWedge
botje11

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