Going Short The USD/CHF On A Return To Parity
A robust Fibonacci resistance level is present near the 1.0000 handle for the USD/CHF. In the event that we see a late-session rally, this area will likely attract sellers. Here is the plan:
1)Entry: .9994
2)Stop Loss: 1.0026
3)Profit Target: .9962
4)Risk vs Reward: 1/1
On a rejection of par, this trade produces 32 pips.
1)Entry: .9994
2)Stop Loss: 1.0026
3)Profit Target: .9962
4)Risk vs Reward: 1/1
On a rejection of par, this trade produces 32 pips.
