Tradeplicity

USDCHF rising wedge a selling opportunity?

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
1
Rising Wedge into 0.50 - 0.618 Fibo level.....You could play the odds from here with your stop above the recent high or a little safer above the 0.618 Fibo level for a retest of the recent lows for your Target and it could even go further. Could be a 1:3 risk:reward trade.

You must look for 1:3 risk/reward and higher trades, preferably 1:5 or higher to last in this game.

-Tradeplicity
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.