USDCHF: Potential short signal...

We got a nice short setup in the Dollar/Swiss pair, if price hits my sell stop level for today, we will confirm a decline is starting, the Dollar Index is certainly overbought, and slowing down, and pairs like this and the Dollar/Yen look like a potential top in the making, while Gold regains strength, and bonds rebound. Certainly a good reward to risk setup, and might trigger very soon today.
Best of luck!

Cheers,

Ivan.

Trade wurde manuell geschlossen:

Annoying, but this kind of thing can happen, weekly support held and the target measured from the top to the distribution level was reached and price reversed there on the spot, that usually means, this was only a counter trend move...

Kommentar:

Damn, ended up hitting the target:

Was a mind f#ck though...

Kommentar:

Continuation...