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ilia.gobadze
Mar 12, 2024 9:15 AM

USDCHF Sell stop order Short

FX:USDCHF240
U.S. Dollar/Swiss FrancFXCM

Description

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The level for our sell stop order is at 0.8730. There was a strong uptrend on the USD/CHF H4 chart; however, the bullish trendline has now been broken, indicating a potential sell signal. The risk-reward ratio for this trade is 1:3.
Trend AnalysisTechnical IndicatorsChart PatternsForexforextradingdaytradingEURUSDGBPUSDUSDCHFusdchfshortDJ FXCM Index
Comments
TheFxAce
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The potential risks you've outlined make a compelling case for a cautious approach.
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