Dollar vs Swiss USDCHF sell trade strategy.

Sell USDCHF at 1.00000 area aiming for closes near 0.98000. Stops set at 1.00800 closes on weekly timeframe.

Looking at USDCHF price action on the weekly time frame, a sell signal appears as we have a bearish engulfing candle in the recent swing high. This provides a low probability trade towards the middle section of the uptrend formed previously.

  • Sell USDCHF at 1.00000 area aiming for closes near 0.98000 regions.
  • Stops set on a weekly close above 1.00800 closing our position.

Risks to the trade this week are USD Durable Goods Orders (OCT P) on Tuesday 1330 GMT.

This Post Has 4 Comments

  1. trade going well. Nice job and analysis.

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