Strong descending trendling for short position Short

FX:GBPCHF240

British Pound/Swiss FrancFXCM

Description

⋅ Mar 27, 2014 9:51 AM

Sell with tight stops, nice position to hold for a few days.

Comments

FaultyKid

⋅ Mar 28, 2014 7:21 AM

UPDATE: I'm exiting this trade early the Pound and CHF are moving in tandem and are both feeling very strong from price action analysis.

-30pips loss

ForceFollower

⋅ Mar 28, 2014 8:35 AM

Don't worry, I also lost in CADCHF.

itaskar

⋅ Mar 28, 2014 9:25 AM

not good week for me, cant wait for next one :)

itaskar

⋅ Mar 27, 2014 11:19 AM

thinking about stoploss in this area..or, sell position after good bearish candles

FaultyKid

⋅ Mar 27, 2014 11:27 AM

a 4hr shooting star would be a beautiful end to this candle. We can only dream. Lol

itaskar

⋅ Mar 27, 2014 11:29 AM

haha, I hope so :))

ForceFollower

⋅ Mar 27, 2014 10:24 AM

I have entered short CADCHF. It should be quite the same.

itaskar

⋅ Mar 27, 2014 10:17 AM

your stoploss looks good, Iam short from 1.4671 and now from 1.4731. Seems to be good R/R ratio.