USDCHF - COntinuation SHort Trade - could be a big move
Updated
Hello all - DuncanForex here with another trade idea
I am looking to add positions to my USDCHF trade
With the Swissie and Dollar fighting against each other - price action has slowly cycled lower, but it is cycling lower...
With price action currently sitting at resistance on the 4 hour chart
if the lows are broken at 0.9835 - I will be looking to add short positions. If the highs of 0.9877 are broken, then I will look to change my view on the USD.
DuncanForex is now live
Thanks for looking at my trade idea
Duncan
I am looking to add positions to my USDCHF trade
With the Swissie and Dollar fighting against each other - price action has slowly cycled lower, but it is cycling lower...
With price action currently sitting at resistance on the 4 hour chart
if the lows are broken at 0.9835 - I will be looking to add short positions. If the highs of 0.9877 are broken, then I will look to change my view on the USD.
DuncanForex is now live
Thanks for looking at my trade idea
Duncan
Note
sell stops not activated - I think this long price action may be a fakey I am looking for it to retrace up and then print a bearish engulfing on the 1hour chart
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