USDCHF Sell Off – Best DIBS of the Week

Sadly I did not trade any USDCHF today. It looks as though the M30 and 1H charts had some wonderful DIBS short signals on the USDCHF today as the “risk off” sentiment in the market combined with some strong Swiss economic data releases helped fuel a solid sell off in the USDCHF today.

The charts below show that on the 1H Time frame, the candle beginning at 10 AM UK Time was a very narrow ranging inside bar (11pips with 0.8476 as the low). The USDCHF’s break of the lows resulted in a c.90pip tank, impressive stuff.

There’s always next time…..but it goes to show the market can throw plenty of good entry opportunities AFTER the release of news…..no need to get into the game of predicting what the market will do when you can engage in what the market is doing with fairly controlled risk.

Image001

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: