USD/CHF SHORT
Updated
USD/CHF SHORT (4 Hour Chart)
The USD/CHF have possibly reached a trend reversal after an INTERMEDIATE UPTREND and now being stopped by a MAJOR DAILY RESISTANCE LINE (see Daily Resistance Line (1) on the chart).
A Possible INTERMEDIATE DOWNTREND could be expected.
SHORT SELL recommended with resistance (see 4 Hour Resistance Line (1)) expected at 0.98669
Recommended Entry
Immediate SHORT once market opens on Monday since 1M, 5M, 15M, 45M, 1H is currently in a downtrend.
Take Profit
Take Profit 1 (60%) at around 0.98669
Should the downtrend continue a further TP can be taken
Take Profit 2 at around 0.97637
Stop Loss
Stop Loss at around 0.99456
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
The USD/CHF have possibly reached a trend reversal after an INTERMEDIATE UPTREND and now being stopped by a MAJOR DAILY RESISTANCE LINE (see Daily Resistance Line (1) on the chart).
A Possible INTERMEDIATE DOWNTREND could be expected.
SHORT SELL recommended with resistance (see 4 Hour Resistance Line (1)) expected at 0.98669
Recommended Entry
Immediate SHORT once market opens on Monday since 1M, 5M, 15M, 45M, 1H is currently in a downtrend.
Take Profit
Take Profit 1 (60%) at around 0.98669
Should the downtrend continue a further TP can be taken
Take Profit 2 at around 0.97637
Stop Loss
Stop Loss at around 0.99456
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Trade closed: target reached
TP 1 reached, money in the bank
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