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Rocketman
Jan 5, 2016 6:45 PM

USDCHF Technical and Sentiment Short

U.S. Dollar/Swiss FrancFXCM

Description

Technically, this short position on the USDCHF is a perfect set up, but it doesn't mean it will work out.
From another perspective, the sentimental view, USD tomorrow seems to be forecasted as bad news coming for the USD on January 6th. I think it is fitting to short this pair, as most of my other positions are in favor of the USD. Other setups... I haven't posted.

Trade closed manually

took profit
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