adammckerlie
Short

USDCHF Intraday/SwingTrade Short Position

FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
This is intraday/swing, short position trade taken in the USDCHF market. Analysis of position provided in the attached note.
Apr 19
Comment: Two trades were stopped out as price blew through what were designated as the supply levels that the short entry was based upon. Looking back at the levels that were chosen, the odds enhancers should have told that this was a bad position to sell. This will be kept in mind for future position analysis. Some of the indicators that the level would not hold are all the demand zones being created underneath what was current price. these levels had also been touched multiple times, and the next significant supply level isn't until well above current price. This gives price room to go higher, and will offer positions to accumulate longs at pull backs to significant demand levels.
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