USDCHF Short (Scaling In)

See callout bubbles. With this one, we're going to put the entire position on at two different levels. If the market does not come all the way up to the second level and begins to drop, we can A) sell on the way down at the same price we sold the 1st half or B) just be OK with only opening 1/2 of the entire position and riding the price down...

Always measure your risk and be okay with being wrong ; )

Trade ist aktiv:

The USDCHF market has made a very nice drop, forming some nice levels to sell on a retest. For this trade, I am looking to scale-in 4 very small position to make up my overall position on the USDCHF.

My levels are: .9661 | .9707 | .9773 | .9747 I will short in all of these levels if the market wants to press up into them and expect the market to turn down with my final target around .9480

Always measure your risk and be okay with being wrong ; )