Usdchfshortsetup
USDCHF Short 125 pipsHello Traders,
A breakout was seen in USDCHF last week and a retracement has been made. An entry opportunity can be seen as a downwards momentum is developing with 55 pips stop loss around a previously identified key level and a take profit of 125 pips take profit just around the previous swing low. This trade can be used as a hedge on the previously posted EURUSD trade.
Have a lovely day!
Riverfront Capital
USDCHF: Short trade almost readyPrice has formed a zigzag structure from the drop on October 15th, 2019. At current levels, price has retraced into the golden zone (50.00 - 61.80), an area whereby we may reasonably expect some reversal and trend continuation. However I'm quite skeptical about the current sell because price may just correct in a double structure before we see the imminent drop . That being said, we have a good setup coming up. Wait for clear confirmation before looking for any entries.
