Wednesday 1 May.

Monday's trade (USD CHF long) stopped out. Although it went on to hit the 'would have been' profit target.

Rather than be disappointed, I take the positive outlook that at least my 'bias' for the chart to rise was correct and the fact it's now broken through resistance should bode well for CHF shorts moving forward.

Amazon reported good earnings, which is good news. Although I have read a few articles suggesting the US consumer is starting to slow down in certain sectors. Which is something to be mindful of. A 'slow' slowdown is really what the FED wants to see.

Currently, my 'decision' is to wait for the outcome of the FOMC meeting before forming a fresh conviction in the currencies.

Feel free to email any questions: johnelfedforexblog@gmail.com