forexTrdr

Short EURCHF on tight stop/high reward

Short
FX:EURCHF   Euro / Swiss Franc
Short EURCHF on pair trading at resistance level dating back to November, tested and failed to break 3 times this morning. Break out above 1.1360-65 and resistance is broken and time to go long. Targeting low 1.13 area on pull back
Trade closed: stop reached: Trade broke resistance on its 4th hourly attempt closing out our position. Tight stop loss took into account this risk and position loss equated to under 15 pip loss