Short opportunity on USDCHF with good Risk/Reward
Reasons for entry
- Overall downtrend
- Price has retraced to the 200/800EMA
- Price has hit trendline
- Bearish candlestick formation
Exit Strategy
- Stop 0.9465
- Profit 0.9306
- 3:1 Reward:Risk
There is a chance that this trade stops out and retraces higher, in which case we'll wait for the next short entry opportunity.
Reasons for entry
- Overall downtrend
- Price has retraced to the 200/800EMA
- Price has hit trendline
- Bearish candlestick formation
Exit Strategy
- Stop 0.9465
- Profit 0.9306
- 3:1 Reward:Risk
There is a chance that this trade stops out and retraces higher, in which case we'll wait for the next short entry opportunity.
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.
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.