USDCHF Short Play

The Fed is now only just setting off on its easing cycle and is still priced for 100bps of easing, and CHF is the top performer throughout Fed easing cycles.

Bullish on CHF.

Let the CHF strength give us this 6-7R swing play.

Entry: 0.99200
SL: 0.99400
TP: 0.97804

Comment:

Increasing exposure

Comment:

Hope you all survived the FOMC

Trade closed: target reached:

Accomplished 4.5R minus the one stop out. Cheers!