Potential Short Opportunity for USDCHF
Unfortunate that i forgot to mark down an alert for USDCHF. Had a perfect break towards the downside with great risk-reward; but i missed it.
Oh well. Next, we are looking for a pullback; hopefully to the level i identified so that we still have a chance to catch the down move. I believe this to be a high probabilty trade if it is activated (thus the lower required risk-reward ratio) since we will be trading with the bearish trend. I will not advise an early entry at current price level as it will not be worth the risk reward. Advise is to set an alert of a sell limit.
Let us see how this works out !
Oh well. Next, we are looking for a pullback; hopefully to the level i identified so that we still have a chance to catch the down move. I believe this to be a high probabilty trade if it is activated (thus the lower required risk-reward ratio) since we will be trading with the bearish trend. I will not advise an early entry at current price level as it will not be worth the risk reward. Advise is to set an alert of a sell limit.
Let us see how this works out !
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