Trade photo

Just when I thought it was going to be another no trade week. USD is showing signs of strength. ING see no reason to bail out of USD longs and I currently agree. I've shorted the CHF based on yesterday rate cut with a potential willingness to enter negative rates.

It's a 15 pip stop loss with 15 pip profit target Friday 1:1 trade. The stop loss is behind a cluster of previous 1hr support and the profit target is a recent resistance. The risk is the potential of USD malaise trading into the weekend.

I will close the trade before end of day to avoid 'weekend risk'.

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