USDCHF have been on a nice bullish trend on the H4 chart for a long time. However, the past few days have been in consolidation mode. With several rejections at the top, things might start be looking bearish for USDCHF. And just a few hours ago, our newly developed Indicator for 500 Pips a Week generated a sell signal and we are going to take this sell signal.
This is a trade idea generated by the 500 Pips a Week.
Since this is a simple BUY or SELL arrow generated by the Indicator, we will just enter at market price.
- Market Price: 1.01990
- Stop Loss: EXIT at next UP Arrow
- Take Profit: EXIT at next UP Arrow
With Indicators like the 500 Pips a Week Indicator, we will just have to be sure that we adjust our lot size correctly. I suggest using 0.01 for every $500 in your trading account. If you have $5000, then your lot size should be 0.1. We are excited about the potential of this new 500 Pips a Week Indicator as it has shown very good promise in our testing phase. Good luck and let us know how this trade is for you.
Click Here to learn more about 500 Pips a Week System
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