dear hills.now first usd/chf
on weekly it is going to make lower low not higher low this week.
Second you should always keep in mind that out of eight currency
chf follow less technical as compare to other currency,so few of the learned currency traders,avoid to trade usd/chf and chf/jpy but of course not
always,other wise will stay short-to be continued
now trend in usd/chf at present is undefined-so i will not trade this pair at all now-but if i am caught on what ever side i am
first option -to exit from money management rule
second option -to exit from four hour time frame
third option-which i will use-if in my basket i am comfortable as a whole-then i will stick to my eod short stop loss-and will leave the trade once my stop loss will trigger
on weekly it is going to make lower low not higher low this week.
Second you should always keep in mind that out of eight currency
chf follow less technical as compare to other currency,so few of the learned currency traders,avoid to trade usd/chf and chf/jpy but of course not
always,other wise will stay short-to be continued
now trend in usd/chf at present is undefined-so i will not trade this pair at all now-but if i am caught on what ever side i am
first option -to exit from money management rule
second option -to exit from four hour time frame
third option-which i will use-if in my basket i am comfortable as a whole-then i will stick to my eod short stop loss-and will leave the trade once my stop loss will trigger
but you can not go long at this stage
but i will stick to short being a basket trader,if my basket is comfortable
you can shift to money management rule for exit on either side you are