USDCHF - Short Trade - 5 to 1 win vs risk
Updated
Hello all - DuncanForex here with another trade idea
Following USD weakness today (I hope you all traded these great moves) USDCHF has broken 1 trend line and if it breaks the next one, I think 1 5 to 1 trade could be on the horizon
USD weakness linked to the CHF which is a safe haven currency - I think this could move fast over the next few days.
This is adding risk as trading more pairs with USD within the forex pair, however NZDUSD below stops are at entry
The GOLD long trades I entered on the 8th July are also all in profit so I am confortable in opening more USD positions.
Trade safe and thanks for looking at my trade idea
Website coming within the next 3 days
Thanks
Duncan
Following USD weakness today (I hope you all traded these great moves) USDCHF has broken 1 trend line and if it breaks the next one, I think 1 5 to 1 trade could be on the horizon
USD weakness linked to the CHF which is a safe haven currency - I think this could move fast over the next few days.
This is adding risk as trading more pairs with USD within the forex pair, however NZDUSD below stops are at entry
The GOLD long trades I entered on the 8th July are also all in profit so I am confortable in opening more USD positions.
Trade safe and thanks for looking at my trade idea
Website coming within the next 3 days
Thanks
Duncan
Trade active
With CPI data - price has bounced off support back to entry point - I have moved stop 50% towards entry pointTrade active
Head and Shoulder pattern has formed the right shoulder - more entries taken on 4 hour chartTrade active
more entries taken on the break of the low this afternoon. @ 0.9870 area
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