FX:USDCHF   U.S. Dollar / Swiss Franc
Good afternoon ladies & gents .

USDCHF has presented us with a very high risk to reward sell opportunity. I've got a short term target of 0.93360 which yields an RR of 1:5 approximately.

I've got a secondary target at 0.93090 which is apprixmately 1:10

My third target is the H4 bullish OB below which is an RR of 1:20.

My final TP target is 1:26.

Good luck.

Yours truly,

- AmplaFX
Comment: Looking for a re-entry today when price reaches 0.94055 with a stop above the M15 highs.

Related Ideas

Comments

Are catching this spike at 0.938xx ?
+1 Reply
AmplaFX h1ghtower
@h1ghtower, Nope. We got stopped out at 1%. We will be looking for a potential point to re-enter tomorrow. Will update you on this thread!
Reply
AmplaFX h1ghtower
@h1ghtower, We have a systematic way of entering a trade, once the initial entry point has be violated and the stop has been hit, we need to wait for the next confirmation before we can enter again. We can't just enter again after a spike haha
Reply
@AmplaFX yeah I understand. I’m still learning - interesting to see your opinion. Thanks for sharing
+1 Reply
Thanks Ampla. Will give this a go.
+1 Reply
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