PAIR IN FOCUS: USDCHF
ACTION: SHORT
Bearish engulfing on Daily charting has sparked interest for a short trade on this pair. As trade war intensifies, the risk-off sentiment may continue strengthening, pushing for further bearish momentum for this pair.
Price may retrace higher to indicated zone which provides a better R:R ratio for this trade.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
ACTION: SHORT
Bearish engulfing on Daily charting has sparked interest for a short trade on this pair. As trade war intensifies, the risk-off sentiment may continue strengthening, pushing for further bearish momentum for this pair.
Price may retrace higher to indicated zone which provides a better R:R ratio for this trade.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
Trade closed: stop reached