Trade Review: USD/CHF

At about 7:00 am EST, I saw that the pair was already below my entry level, so I waited and entered manually at 1.2525. Afterwards, the quarterly GDP was released. At first, the pair was slow to move down, but then picked up some steam. PT1 and PT2 was easily hit by 10 am EST. Total move from entry to PT2 was +50 pips.

By the way, sorry for the typographical error on the headline and that second scenario idea. Fortunately, the pair never moved up, so it was a non-factor and we did well for the day.