Tuesday, July 28, 2009

Further Update on yesterday’s USDCHF Short Trade set-up


Currently, on my USDCHF Short trade, price has moved in my favor enough for me to consider taking profit. My preferred level of taking initial profit is @ 1.0666; however, with the new doji formation around a weekly pivot, I decided to take out some profits.
Pls NOTE I’ve adjusted my Stop Loss to just above the most recent swing high @ 1.0714.

My next exit level is the primary profit target @ 1.0626 (the fib. 127% ext.)

No comments:

Post a Comment