USDCHF- H4 Channel Break

The price action broke the channel here.

Our strategy has rules in place where we need to see valid pull back in price action before taking a short trade on the break of this channel.

We see here that it is consolidating which is a good sign that its going to break to the down side. Keep an eye out on this pair as it will most likely be a quick move.

Trade closed: stop reached:

unfortunately, our stop was reached before we saw this big move to the downside. Always use a stop loss. Do not let trades like this affect you.