What I find very important is to keep an eye on the DXY. It’s movement dictates all the pairs that include USD. Noticed uptrend movement from what the DXY was showing us; now it was time to pull the trigger on USDCHF. Confirmations from a top down analysis and price action on the 15 min time frame gave me the confidence to enter. TP 1 & TP 2 were smashed! 🚀
This trade went fast! As we know it XAUUSD moves QUITE quickly, with volatility that can blow accounts in mins! This particular trade caught my interest, with the knowledge of DXY moving bullish. Waited for certain criteria and entered. Over 100+ pip move!
With all the craziness happening in the world, there is a lot of uncertainty in the markets. With that being said, USDCHF would be one of the pairs you could call "Safe haven" Pairs. Sniper entry and still holding!
Lately we have been seeing a huge move to the downside. really looking for the bulls to take over and look for great intraday opportunities, potential swings as well. Be ready for the move!
Here is a previous trade I caught with over 100+ pips in profit. Tight SL with amazing return! Putting this on my profile for memorabilia. -ASG