U.S. Dollar / Swiss Franc
Short
Updated

USD/CHF SELL IDEA

342
Hey tradomaniacs,

welcome to another free trading-setup.

Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmatio!



USD/CHF: Day-Swingtrade-Preparation

Notice: Only for those with a higher risk-aversion! market is very choppy ahead the news!

  • Market-Sell: 0,89180
    Stop-Loss: 0,89700

    Point of Risk-Reduction: 0,88720
    Take-Profit: 0,87750

    Stop-Loss: 52 pips
    Risk: 0,5% - 1%

    Risk-Reward: 2,70


snapshot

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Peace and good trades
Irasor

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Trade closed: stop reached
^USD/CHF: Trade closed -52 pips (-1%)

A bit unlucky now as SXY is suddenly very weak and Retail Sales were very very good.

When I look at the charts I see a US-DOLLAR re-testing primary (aswell as EUR/USD).
To predict the direction is now tough as Yields don`t rise ahead the FOMC-Meeting (Caps expected after this sharp rally?)

NZD/USD and AUD/USD are both steady with Indicies that failed to break key-support-zones, which is very good for our crosspair-trades.

Market is as expected very news-driven currently and I will wait for the FOMC`s statement as this can change everything, hence it is hard to predict any direction here because the moves could just be corrections.

I will wait for confluence and so high-probabillity-trades.🙏


snapshot

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