USDCHF (Swiss) Short - 3 : 1 Win vs Risk ratio
Updated
Hello all
With CHF being a safe haven it is currently coiling against the USD, however I'm expecting price action correlation.
With USD continuing to weaken after the Fed confirmed a Dovish TOne in January, that is now starting to seep into the market.
I do expect USDCHF to drop quickly at a point in the next day.
I am entering two positions, one is a 3 : 1.
The other will be just to see how far further it may go dependant on price action.
With Fed News tomorrow, if it is positive at the time, I will move my stops to break even on one of the positions, if it is in the red leading up to the news, I may cut my losses on one trade and let the other play out.
Thanks for looking
Duncan
With CHF being a safe haven it is currently coiling against the USD, however I'm expecting price action correlation.
With USD continuing to weaken after the Fed confirmed a Dovish TOne in January, that is now starting to seep into the market.
I do expect USDCHF to drop quickly at a point in the next day.
I am entering two positions, one is a 3 : 1.
The other will be just to see how far further it may go dependant on price action.
With Fed News tomorrow, if it is positive at the time, I will move my stops to break even on one of the positions, if it is in the red leading up to the news, I may cut my losses on one trade and let the other play out.
Thanks for looking
Duncan
Trade active
Hi All Trade still open and now starting to make lower highs, although this has retested the entry point 3 times, i am holding this position and do expect dollar weakness to come soon
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