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thedealbuddy

Short USDCHF from the POC of the last 2 months

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
thedealbuddy Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Beyond Technical Analysis Chart Patterns short USDCHF
2
0
beyondta chartpattern short usdchf
I am looking to go short USDCHF from the POC of the last 2 months. Two targets for me 20pips and 65pips.
POC has acted as a strong resistance and strong support zone. There has been accumulation and then a sell-off. I am expecting a larger sell-off this time around. General risk-off in the market and flattening of the US Yield curve favours short USD trades.
Trade closed: stop reached:
USDCHF continues to be in range. I was expecting a strong reaction but it was only 25pips. SO first trade hit the TP and second stop loss
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