USD/CHF - A good short opportunity (+50 pips)

This pair formed a deep bat pattern. RSI is overbought. MACD about to cross on several timeframes.

Entry price:
Any market price up to 0.95700
I sold at 0.95238 and put an extra order to sell more at 0.95599.

#TP1: 0.94660
#TP2: 0.94241
#TP3: 0.93564

Stoploss: 0.9600

I'm taking profits at TP1. The other TP's are based on calculations and after small recoveries. You never go broke from taking profits, you do get broke from chasing long pips.

If you have any questions, please feel free to contact me. Follow me on Tradingview for more daily ideas.

Dagangan aktif:

I did close my trade at 30 pips profit. I’m probably going to short this again on monday when the market goes open and pumps a little. Great day still!