thedealbuddy
Short

Short USDCHF from the POC of the last 2 months

FX:USDCHF   U.S. Dollar / Swiss Franc
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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