USDCHF Trading Idea April 7th

Bearish sentiment for the USD has increase over the past few trading sessions, but I think we may see a minor reversal before the downtrend will resume. It is a bit of a riskier trade as you will go against the trend so make sure this fits with your risk profile before simple adding my trade idea to your own forex portfolio. My trade of choice here would be theUSDCHF and I am looking for less than 70 pips on this trade.

into it;
bullish from .88 all the way to .925

hedged at .878

looks bad, heading to .876

Look’s like a nice trading idea.

It did move much lower than I expected it to. I closed my hedges just now and made 40 pips. I will keep my long open as I still expect a reversal.

When would that be? :frowning: I’m long a couple of days and in deep red!

I am expecting a reversal rally over the next two or three weeks.

Hope yer right.

same here, yet it seems it is going to re-test .873