On December 7 2022 I posted 3 SELL USDCHF trade setups on social media @AidanFX . The pair was in a bearish trend so all trades were based on using supply zones and on bearish market structure breaks.
1st SELL 7:55AM EST “Sold USDCHF at 0.9424 Stop Loss 0.9444 Targets 0.9384 (1:2RR) 0.9324 (1:5RR).”
USDCHF 1 Hour Chart December 7 2022 (1st Entry)
1st SELL entered 12.7.2022 at 0.9424 and 1:5RR target hit 12.9.2022 at 0.9324 for +100 pips (+5% gain risking 1% on each individual trade)
2nd SELL 7:39PM EST “Market SELL USDCHF at 0.9412 Stop Loss 0.9432 Targets 0.9372 (1:2RR) 0.9332 (1:4RR)”
USDCHF 1 Hour Chart December 7 2022 (2nd Entry)
2nd SELL entered 12.7.2022 at 0.9412 and 1:4RR target hit 12.9.2022 at 0.9332 for +80 pips (+4% gain risking 1% on each individual trade)
3rd SELL 11:39PM EST “USDCHF SELL at 0.9420 Stop Loss 0.9430 Targets 0.9400 (1:2RR) 0.9370 (1:5RR).”
USDCHF 5 Minute Chart December 7 2022 (3rd Entry)
3rd SELL entered 12.7.2022 at 0.9420 and 1:5RR target hit 12.8.2022 at 0.9370 for +50 pips (+5% gain risking 1% on each individual trade)
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. If you followed me on social media you too could have caught the USDCHF move lower. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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