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11021992
Jul 25, 2016 10:57 AM

USDCHF short entry on the daily Short

U.S. Dollar/Swiss FrancFXCM

Description

Hi traders,

On the daily USDCHF I am looking for a short entry at parity. My main reasons:
  • Trendline is around that area
  • 61.8% Fibonacci retracement
  • Completed AB=CD pattern
  • Major psychological number at 1 [parity]


Entry: 0.99986
Stop: 1.01089
Target: 0.98250 = R:RR 1.58

Updates will follow. Good luck!

Comment

Removing this entry for now. Will wait and see what the FOMC meeting brings.

Comment

FOMC didn't have much impact. Trade is still valid.

Order cancelled

This pattern is no longer valid. Entry deleted.
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