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Short

3:1 Reward to Risk Opportunity - USDCHF

FX:USDCHF   U.S. Dollar/Swiss Franc
25 4 5
Potential USD CHF opportunity with good R:R

Reasons for Entry:
- Price finding resistance at previous High
- Bearish Candle formation
- RSI Overbought / Divergence

Target
- 3:1 Risk Reward

Stops
- Above previous High

If the first trade gets stopped out, wait and look for a long setup, targeting 0,99500.
Re-entering shorts at 0,9830. Same TP & SL
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Trade Stopped out. Will wait to see price action over the next few candles before taking a long/short position.
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ADP Non-Farm Employment Change in 2hrs should give the pair some clear direction & momentum
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Entered at 0,9830
Stop at 0,9852
Target at 0,9770
Reply
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