DislikedI will sell USD/CHF at price 0.89076
now I do? please for me an advice
thanks all !Ignored
My opinion is to wait and see what tomorrow brings. If we shoot past .8887 then I would short for a quick profit. If we stall here and tomorrow I would wait until after easter holidays too see where we go. Just be careful and wait for a confirmed uptrend higher. do some backtesting and see if the UC has been in similiar situations and what the outcome may be. I already have.
I am going to wait for tomorrow's close and if it is green then I will open up a "SMALL" position long. If it is a clear break lower then I will open a short position with a tight stop and hope we hit low .88. But remember backtesting will confirm that shorting at all time lows doesnt yield a great profit...maybe 100 pips or more before a large correction only to make the run at the all time low again with a larger low..."the trend". For me right now..it is all about the daily candle close..and where that might be.
Don't be fooled by randomness