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cyril.moore
Jan 9, 2016 4:44 PM

USDCHF Short  Short

U.S. Dollar/Swiss FrancFXCM

Description

The price is at resistance area right now.
You can find a better view of the resistance on weekly or monthly charts.
An interesting detail confirming a further weakining of the US Dollar VS Swiss Franc is a false breakout after a small period of the price consolidation.
Thus, we can enter our trade at 0.9875
Stop-loss 1.01255
Target 1 0.95
Target 2 0.93

Trade closed manually

The trade took much time.
I decided to close the trade as I'm afraid of possible US Dollar move against other currencies.
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