USDCHF (Swiss) Short - 3 : 1 Win vs Risk ratio

Hello all

With CHF being a safe haven it is currently coiling against the USD, however I'm expecting price action correlation.

With USD continuing to weaken after the Fed confirmed a Dovish TOne in January, that is now starting to seep into the market.

I do expect USDCHF to drop quickly at a point in the next day.

I am entering two positions, one is a 3 : 1.

The other will be just to see how far further it may go dependant on price action.

With Fed News tomorrow, if it is positive at the time, I will move my stops to break even on one of the positions, if it is in the red leading up to the news, I may cut my losses on one trade and let the other play out.

Thanks for looking

Duncan

Trade active:

Hi All
Trade still open and now starting to make lower highs, although this has retested the entry point 3 times, i am holding this position and do expect dollar weakness to come soon