I took a successful short on usd/chf based on a 1h chart. The background was extremely weak and the trend was down. Price had gaped down through support over the weekend, and after the market opened there was completely no effort to push up. I took the entry right after an UT into the previous support, and i put my SL just above the high of the UT. The reason for closing the position was because of the potential selling climax that had formed.
Initial Risk - 29 pips
outcome - + 46 pips
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