The possible short position in USDCHF pair.
USDCHF already breakout the triangle channel, even last Friday NFP result led a strong USD bounce, so if it doesn't break out the EMA 200 resistance in 4H, anything I reckon still in bearish in USDCHF.
Please follow the risk management strictly and the price confirmation for the position execution.
Risk Disclaimer: Any analysis or information is provided as general market commentary, and does not constitute investment advice. It is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make own independent investment decisions.
USDCHF already breakout the triangle channel, even last Friday NFP result led a strong USD bounce, so if it doesn't break out the EMA 200 resistance in 4H, anything I reckon still in bearish in USDCHF.
Please follow the risk management strictly and the price confirmation for the position execution.
Risk Disclaimer: Any analysis or information is provided as general market commentary, and does not constitute investment advice. It is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make own independent investment decisions.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.