Short

USDCHF Short

By MawHan

Updated

USDCHF: Short : Selling

RSI is Diverging from price action by RSI 5.

Sell Entry: 0.99000
TP: 0.98400
SL: 0.99400
Risk Ratio: 1.5 {40/60}

https://www.tradingview.com/u/MawHan/#published-charts
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Economic Events: Friday, September 13, 2019

U.S. Core Retail Sales MoM
U.S. Retail Sales MoM

Note

Current trend
Yesterday, the USD/CHF pair rose slightly with moderate support from macroeconomic statistics from the United States. The PPI excluding food and energy for August rose by 0.3% MoM after falling by 0.1% MoM for July. Also, it increased from +2.1% YoY to +2.3% YoY with a forecast of +2.2% YoY. MBA Mortgage Applications for the week of September 6 strengthened by 2.0% after a decrease of 3.1% over the previous period.

Trade closed: target reached

MawHan

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