Short USDCHF
from The "Forex Morning Mayhem" Podcast Hosted by Bill Skrzypczak
Bill discussed a recent USD short trade he entered based on a syzygy signal. He explained that the current swing was down, volume was moving to the downside, and the price was dropping below overhead resistance. Bill described how he set a conservative profit target of 12 pips, aiming for a previous bar open or close, and placed a 15 pip stop loss. He reviewed the setup on his chart and expressed hope that the trade would work out.
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