Get started
UnknownUnicorn769459

USDCHF Short

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
UnknownUnicorn769459 Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Technical Indicators USDCHF usdchfshort short 4h 4hour 4hr
2
0
trendanalysis indicator usdchf usdchfshort short 4h 4hour 4hr
USDCHF has bounced from a major resistance. Momentum indicators have signaled a reversal. It's safe to anticipate a 38.2% pullback.

SL: 1.003
TP: 0.973
Comment:
Looks like a pullback before it shoots further. Possible to add short or enter now.
Comment:
Currently +15 to +50 pips, depending on whether you sold/added short on the pullback or initial call.
Trade closed manually:
Exiting to protect profits now. +15 to +50 depending on whether you added short on the pullback.
Comment:
If the USDCHF breaks the 0.991 to 0.992 zone, there may be another big push downwards. It would drop past at least 0.989.
Comment:
+20 to +30 more pips if you traded the re-entry. Totals: +35 to +80 pips.
Trade closed manually:
Will personally be taking profits and no longer following this trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.