The USDCHF yesterday retraced from the high posted on Friday 0.9979, measuring Yesterday's range and the price action during the Asian session indicates more downside should be expected. This however depends on the 0.9950 which corresponds to 38.2 retracement of yesterday's range.
Short below 0.9940.
Stop @ 0.9952
Target1: 0.9920
Target2: 0.9900
Short below 0.9940.
Stop @ 0.9952
Target1: 0.9920
Target2: 0.9900
Trade active
Trade closed: stop reached
This is an example of on to the next one. Dont fight the price!
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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.