USDCHF Trade Video Clip from 7 Feb 2018 Live Trading Room
USDCHF 1 Hour Elliott Wave Chart 2.7.2018
USDCHF shows an incomplete bearish sequence from 12.15.2016 high, favoring further downside. On Feb 7, we told members in Live Trading Room that we want to sell wave 4 bounce in 3, 7, or 11 swing at the blue box as far as pivot at 0.9668 high remains intact. Below is the initial setup we proposed in the trading journal:
We have since changed the target profit to 0.92, and the risk to reward for this trade becomes 2.4 to 1. We reached 0.92 target on Feb 12 for +219 pips profit. As we recommended to members, each trade should have maximum 1% to 2% risk. This means with 2.4 R:R, members made 2.4% to 4.8% profit, depending on the risk % taken.
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