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ForexTutorialsSG

USDCHF sells

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
ForexTutorialsSG Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Beyond Technical Analysis
3
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trendanalysis harmonicpatterns beyondta
Fundamentals:
Bearish USD fundamentals as mentioned in previous posts

Technicals:
D1 downtrend, bearish gartley , price approaching resistance
Comment:
Many USD-driven pairs show possible bearish movement in USD (USDCHF, USDJPY, XAUEUR).

As part of proper risk management, it will be wise to either
- Take only one of the 3 trades or
- Reduce position size appropriately if taking all 3 trades

Why the need for proper risk management?
- The best trade setups WILL fail; risk management prevents one trade from taking out your whole account
- If USDJPY sells, USDCHF sells, XAUEUR buys are all taken, USD appreciation will likely cause all 3 trades to fail
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