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.