FXLeaders
Short

Shorting The Triple Top/Yearly High In The USD/CHF

FX:USDCHF   U.S. Dollar / Swiss Franc
Today’s session has brought serious bullish heat to the USD/CHF . Price has steamrolled through the Triple Top Pattern (.9985-.9990) and appears poised to challenge yearly highs. A short from the Triple Top Pattern/Yearly High (1.0056) is a likely profitable trade.

Here it is:

1)Entry: Sell 1.0049
2)Stop Loss: 1.0077
3)Profit Target: 1.0021
4)Risk Vs Reward Ratio: 1/1

Comments

This trade is in the green by +25 pips. It is trader preference whether or not to take profits at today's close or let the position ride into the weekend.
Reply
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