Tradingthechannel
Short

New short order USDCHF Daily

FX:USDCHF   U.S. Dollar / Swiss Franc
The Swiss Franc is slow starting to break out of the upward trend is the pair is looking more bearish by the day. We've had two (Close below HOLP, close outside of the bullish trend ) of the three confirmations needed to confirm the downward trend. The last confirmation that we need is the price to trade at the 0.9847 level before we enter. Our first profit target is at 0.9757 were we may look to close part of our trade. Trailing stop is quite wide at 180 pips, but we should get a new stop level before out trailing stop is hit. Points A, B and C will change as the trade develop.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out