Time for the USD to take a breather - Selling USDCHF now
This is a counter trend trade, so it is best to monitor it closely. If there is a break and close above 0.9700, I will close at least half the trade.
The USD has been spectular but every currency ebbs and flows. There is a chance for us to buy USDCHF but it also means we can sell it to get there.
USDCHF has made a high of 0.9700 yesterday and it is showing weakness in H1, M30 and M15. There is also a massive D1 pattern here.
We are entering a quick sell position with the hope of buying it at 0.9640 again.
The USD has been spectular but every currency ebbs and flows. There is a chance for us to buy USDCHF but it also means we can sell it to get there.
USDCHF has made a high of 0.9700 yesterday and it is showing weakness in H1, M30 and M15. There is also a massive D1 pattern here.
We are entering a quick sell position with the hope of buying it at 0.9640 again.
Trade active:
This was a bad trade. Completely against the trend and asking for trouble. Closed half the position with a small loss.
28/04/22 DEAL USD/CHF Mini converted at 1.434375140103885 SD SD-9.47
28/04/22 DEAL USD/CHF Mini converted at 1.434375140103885 SD SD-9.47
Trade closed: stop reached:
The remaining position closed at the stop loss level. Was a senseless trade that was completely counter trend and had no proper Point D in the pattern.
28/04/22 DEAL USD/CHF Mini converted at 1.43157829679355 SD SD-28.63
Funds: SD10,296.33
28/04/22 DEAL USD/CHF Mini converted at 1.43157829679355 SD SD-28.63
Funds: SD10,296.33