Trade photo

It's a 20 pip stop loss with 30 pip profit target 'USD long' trade. The stop loss is behind a 1hr swing.

I choose the CHF to short due to my belief the SNB is the most dovish central bank, plus the chart itself has plenty of room up to weekly resistance.

The risk to the trade is if the USD strength is 'overstretched', Upcoming US data which I'm going to trade through. Or if the BOJ 'jawbones' then USD could weaken against everything.

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