USDCHF - Short - 4 hour time frame - Fib and 6 to 1 win vs risk

Hello all DuncanForex here with another trade idea

With USDCHF heading higher, at the 61.8% retrace area, it has just printed an engulfing bearish candle.

I am now expecting price to head lower for a 6 to 1 Win vs Risk trade.

WIth USD continuing to receive dovish tones from important individuals, I am expecting this to head lower fairly fast.

One to hold over the weekend and will take most of next week to play out.

I am entering 3 trades and will look to enter further trades as it starts to cycle lower.

My website is now live

Thanks for looking at my idea

Duncan

Dagangan aktif:

Here is EURUSD that may do similar to the above - however the market isn't showing this as yet

Dagangan aktif:

Well - they moved fast, have to love the Fed, 6 positions, 3 short for USDCHF and 3 long for EURUSD - along with scalping Gold too.