Trade photo

It a speculative 'risk on' trade with a 15 pip stop loss and 20 pip profit target for 1.3:1 risk reward.

Whilst it isn't an extremely high conviction trade, the market has 'liked' the US data this week and earnings season has begun with positivity. And I think the environment warrants a trade attempt. I've chosen the AUD as the 'go to' risk on currency, backed up by positive AUD JOBS data. I feel all things being equal, AUD CHF can return to recent highs.

The risk to the trade is 'negative market sentiment'.

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