Trade photo

It's essentially a 'long USD' trade based on continually positive US data causing FED rate cut bets to be unwound. And I believe the CHF to be 'overbought'.

It certainly isn't a text book trade though. And the high VIX is a risk to the trade if continued negativity provides 'safe haven' strength to the CHF.

It's a 20 pip stop loss with 30 pip profit target. The stop loss is behind a 'nice cluster' of 1hr support.

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