Noldo

USDCHF : Trading Plan for Profitable Short

Short
Noldo Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Hello !
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Let's start.

USDCHF 1W Chart and Status :


As can be seen, the distributional (gradual) sales signal came and there was a decrease in momentum.

Terminal Status in 107 weeks period (Bullish DXY Session) :


The Swiss Franc (CHFUSD) is the only pair that has faced an increase in the bearish decline.

In addition, there are Large Position Resolution in the Australian Dollar. (AUDUSD Positive)
Let it be the subject of another trade. :)
As a result, there is a big picture that supports USDCHF short.
But let's not rush and also look at the adaptive period in the short-to medium term.

Terminal Status in Relativity Adaptive Period Length


The rises find support with a nice COT Position increase.
COT Position increases are not at absurd levels, even if there is an increase in USDCHF prices, so I wrote in the forecast, a short back is played in the currency.
Which was my opinion !

Parameters

I studied this trade in two regions.
Let's not forget, Fibonacci only has a long trend in lasting price movements above 0.618.

The risk / reward ratio corresponding to the quotation came to me low, at least we can expect to pass the upper-middle levels of the first region.

Suggested Parameters :

*** Trade 1 :

  • Position Size : %0.5
  • Risk/Reward Ratio : 1/2
  • Stop-Loss : 0.99661
  • Goal : 0.96480

*** Trade 2 :

*ENTRY : 0.98866

  • Position Size : % 1
  • Risk/Reward Ratio : 1/3
  • Stop-Loss : 0.99661
  • Goal : 0.96480

NOTE :

If this trade fails, variations that can be retried may occur, so let's log in in small quantities.
And in these regions, the signal type of the indicators and the intensity of the buy-sell region are also very important.

With my best regards..
Trade closed manually:
The market has chosen to come directly to its destination.
I close the trade here because I entered with 1% position size.
Trade closed with more than 160 pips net profit!
Trade closed: target reached:
Target reached with choosing nearly first plan parameters with :200 pips
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