The Reason for Short Decision

Dear Traders,

This is an update to my previous signal which hit stop loss and sharply dropped, though I had adjusted my personal stop loss on the position. Since stop losses cannot be modified after a signal is posted, the chart still shows the original stops.

I have now added one more Sell position at rate 0.8953. My take profit remains the same as the previous signal. I have removed my personal stop loss on this trade and currently hold 3 open short positions.

Please refer to the linked URL from my previous signal for more details on entries and targets. This chart is still in Weekly timeframe to show the retest of the breakout, which looks ready for further downside.

Beyond Technical AnalysisTrend AnalysisUSDCHFusdchfanalysisusdchfshortWave Analysis

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