Another signal on the USDCHF

Hey, how is your trading going this week so far?

Last week I wrote about the USDCHF, I really felt comfortable shorting it, and I did take a short (I’m still holding it) and let me tell you something, just got another signal to go short:

Now, there are two things worth mentioning:

  1. Possible intervention of the Switzerland National Bank. Actually, there are intervening on the EURCHF not on the USDCHF. Take a look at it, at the daily chart, it is obvious that something is going on there. Now take a look at the swissy, its clear and its moves are smooth.
  2. Is scaling in a good possibility here? I really think so, the best moment to scale in is when the market moves on your favor, it is telling you: Hey, you probably made the right decision here, why not adding more? On the other hand, I think the worst moment to scale in (average down) is when the market goes against you. You are increasing the size of a trade that is not behaving the way you though it would behave.

What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

forex, USDCHF analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .