Hi All,
This is a sell continuation trade on this pair, As many of you would know we have been selling this pair from 122.XX region and will continue to add to the sell positions until at least 110.xx region .
Addition entry marked with sl .
As always share, comment and like.
Many thanks
This is a sell continuation trade on this pair, As many of you would know we have been selling this pair from 122.XX region and will continue to add to the sell positions until at least 110.xx region .
Addition entry marked with sl .
As always share, comment and like.
Many thanks
Trade active
Trade active:
Trade closed: stop reached
Just a quick update on this pair. Typical FX trade. As a trader we tend to speculate and as far as patterns, charting goes you want to be able to look for the details in your back testing manual that would make you come out on top of the fx world. This trade is one of our swing trades we have manage properly to get us to this point. Our P&L is still intact and I must say I'm still on the bearish camp on CHF. 119.30x is the 50% fib retracement following on from the 38% Fib that was easily by pass. Only a break of the 120.102 region would invalidate the bearish move to 110.XXX for the end of year.
If you are not already in the trade you can monitor the extension of that level or if you are more or less an aggressive trader, as we happen to be on our second entry at the 38% fib then the 50% fib with SL above 68% would be a perfect entry to swing the trade.
In the meantime likes , comments and shares are welcome.
Many Thanks