USD/CHF overbought reversal 12/5 9.2%
I entered into USD/CHF when it looked overbought on 5m chart. RSI was high & so was MACD. Notice the double top on the RSI below. Waited for a break below the 14 SMA on the RSI and was a little worried the uptrend would continue as my trade immediately went the opposite way. Bit riskier trade for me, especially with risk/reward ratio only being .54
Hit profit target and let it run for another couple mins & netted $25.95 on a $282 at 50x leverage trade for a 9.2% return on initial funds (without leverage)
Hit profit target and let it run for another couple mins & netted $25.95 on a $282 at 50x leverage trade for a 9.2% return on initial funds (without leverage)
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