USDCHF... 1H CHART PATTERN

24 Apr

I am considering selling **USD/CHF at 0.82529** with a **take profit (TP) at 0.82300** — that’s a short position targeting a **~22.9 pip** gain. Let's break it down quickly:

### 🔍 Trade Overview:
- **Pair**: USD/CHF
- **Position**: Sell (short)
- **Entry**: 0.82529
- **TP**: 0.82300
- **Pip Gain**: ~22.9 pips

### ✅ Considerations Before Entering:
1. **Trend**: Is USD/CHF in a downtrend on the higher timeframes (H4, D1)?
2. **Support Area**: 0.82300 — does this align with a recent support zone?
3. **News/Events**: Any CHF or USD news coming up? (Like SNB or Fed speakers, inflation, etc.)
4. **Volume & Momentum**: Is momentum currently bearish? Look at RSI/Volume or MACD if you're using indicators.
5. **Stop Loss**: What’s your SL? Risk-reward is key — ideally at least 1:1.

### 🔒 Risk Management:
If you don’t have a stop loss yet, maybe set one above the recent swing high (like 0.82650 or above depending on market structure).

24 Apr

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