USDCHF PROFIT

USDCHF PROFIT
5th April 2017 contacttf
The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash.

I was waiting for quite a long time to enter the trade.

The US news at 12pm was critical. I have learnt to wait until after the event to place a trade.

After this, the price popped back above the two resistance areas, for the ‘crack and snap’ setup.

All charts line up. the 1 day chart did not have any clear resistance areas, however, the price was within the Ichimoku cloud.

I took a short position, which worked nicely, until choppiness and wild movements made me nervous.

I should have held my nerves, and followed my exit strategy.

Its great that I am back to green, but very dissapointed by my exit.

I should have closed about now, as RSI has gone through Red.

The USDCHF currency pair is often called 'The Swissie'.

 

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