$100k Challenge - USDCHF Short - Trade Update - E37 T1
Hey all!
And we have a new update to the challenge! We have NFP Friday tomorrow, and since this trade has been relatively slow to react, I took the decision to move the stop-loss to essentially break even. I consider risking waking up to a stop-loss isn't worth it, so the trade-off of leaving a tight breathing room for the trade is worth it.
Personally, I think if the forecast proves right, it can bring some bearish pressure to the USD, as it'd imply this last month the unemployment didn't improve at all, so in this scenario, we could benefit from the news event. However, as an economistn't, my best play is to move into capital preservation mode and let the market do whatever it wants haha.
And we have a new update to the challenge! We have NFP Friday tomorrow, and since this trade has been relatively slow to react, I took the decision to move the stop-loss to essentially break even. I consider risking waking up to a stop-loss isn't worth it, so the trade-off of leaving a tight breathing room for the trade is worth it.
Personally, I think if the forecast proves right, it can bring some bearish pressure to the USD, as it'd imply this last month the unemployment didn't improve at all, so in this scenario, we could benefit from the news event. However, as an economistn't, my best play is to move into capital preservation mode and let the market do whatever it wants haha.
