RandyFuego
Short

USDCHF A trend Follower Short Swing Opportunity

FX:USDCHF   U.S. Dollar / Swiss Franc
Simple technical analysis of this trend follower.

Short USDCHF for a very likely opportunity to make some profit.

The USDCHF its currently trading an uptrend on the higher time frame chart, such as the 1D, 4H and 1H chart. I this occasion we will place a sell order on the pullback from this up trend to ride it down south for profit.

Find an entry on the lower time frames, such as the 15m or 1h to maximize your profit and minimize the risk.

Pro Tip : Move your SL to the entry once some profit has been made to minimize risk even further.

Good luck, trade safe and look after your capital at all cost!
Trade active: I've moved the SL due to a retest of the trend line when the trade is still valid.
Trade active: A potential SL hunting made me close the trade with a loss to observe, but after settling under the trend line and strong resistance, the trade is still valid and I've re entered it.

Comments

Hi Randy, What price have you moved the stop loss to?
+2 Reply
RandyFuego OJFeeney
@OJFeeney, There was a stop loss hunting at the top of the trend line. I've had to close the trade and re enter.
Reply
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