USDCHF Trade Review
Where we are, Possible Path Ahead
On Sunday, I shared my positioning for a USDCHF short trade:
Payrolls, Monthly Open Range
I was playing Asphalt 9 during my downtime, more specifically the multiplayer section. Now, I noticed I have better car ratings relative to the other players but somehow I end up 2nd or sometimes 5th out of 6th position and I wondered why. On a replay, I noticed how I started well, leading the rankings but mid-game I slip and lose pace, even with my nitr…
USDCHF didn’t trade into where I had my limit sell order, and it declined into the target region:
For further downside target, I am monitoring the futures contract, a target level of 1.12885 translates to a reciprocal of 0.88585
Translate that into the currency pair, it provides a 2:1 RR, could slide deeper into the eighty-eight fifty levels
