Open trading account 
Hello to all fellow community members.
Today I was able to spot a nice setup with high probability of success in USDCHF. Here we can see in the chart attached that there is a confluence of falling trend line and a previous resistance. I am expecting the price to get rejected near .99500 levels.
The idea is to sell the pair near .99500 with stop loss above .99800 and target of .97000. Thus keeping the risk to 30 pips and reward of 250 pips making risk to reward ratio of 1:8.33 which is quite good to have.
But don't forget to keep the money management rules I have mentioned earlier.
Never risk more than 2% of your equity on a single trade so adjust position size accordingly.
Happy trading to all.
Today I was able to spot a nice setup with high probability of success in USDCHF. Here we can see in the chart attached that there is a confluence of falling trend line and a previous resistance. I am expecting the price to get rejected near .99500 levels.
The idea is to sell the pair near .99500 with stop loss above .99800 and target of .97000. Thus keeping the risk to 30 pips and reward of 250 pips making risk to reward ratio of 1:8.33 which is quite good to have.
But don't forget to keep the money management rules I have mentioned earlier.
Never risk more than 2% of your equity on a single trade so adjust position size accordingly.
Happy trading to all.
