Usd/Chf: Weekly Chart Swing

Here is a chart of the usd chf on a weekly and it looks like its ready to break down:

Below is a chart of the usd chf on a daily and it is ready to make a daily sell setup.

My entry will be on a break of the recent daily low. Trigger price of 1.1530 and the stop will go to 1.1605 (above the last candle).  I have 2 targets for this, the first being the weekly pivot low at 1.1305, at which point half the trade will go off and stops set to break even so the rest of the trade becomes a “free” ride.  The other target is more aggressive and may take some time. 1.1068.  As always we should use good  money management on swings, not over leveraging our accounts.

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news