dtheceo

USDCHF executed perfectly. Missed entry? Quick, check this out!

Short
dtheceo Updated   
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
We’re risk-free 74+ pips floating! Our final TP is over 250+ pips, so we’ve got plenty of room to move.

Our next move, should be a re-test of the broken descending trend line from previous market direction. I’ve set a horizontal line to represent this; where previous support should convert to resistance & reject this trend line. After these two confirmations, we are heading back to the downside to our next key level.

This correlates perfectly with the SXY & DXY (Swiss Index & Dollar Index).

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Past results do not guarantee future performance. Trade at your own risk, this is an opinion and not a sole guarantee.
Comment:
I am placing a:

SELL LIMIT @ 0.98240 (Re-Entry, Stacked on Entry)
X Stop Loss: 0.98400
Same Take Profit: 0.96195

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