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theforexportal

SELL USDCHF at WR1 and historical resistance MARKET price .9725.

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
theforexportal  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF usdchfshort usdchfidea usdchfprediction usdchfsignal usdchfforecast
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trendanalysis chartpattern indicator usdchf usdchfshort usdchfidea usdchfprediction usdchfsignal usdchfforecast
Yesterday I shorted this pair at the * sign where WR1 resistance and historical resistance was reached.
I can see no good reason why SELLERS wouldn't enter the market at this level again so I'm in SHORT at .9725 with a STOP at .9735 for a 10 pip risk and a TARGET at .9670 which would be a 55 pip trade.
If the trade gets + 25 I'll move the STOP to B/E.
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