TiborVrbovsky

USDCHF Buy the bottom.

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF has seen an extreme selloff.
Daily pivot is at 0.9000.
Last time when price was below 0.9000, was in at January 2015, that's why I expected this level to hold, or this extreme selloff to continue.
I will use tight stop loss on this trade, which provides very good risk reward .

Good luck catching the bottom!
Tibor
Trade closed: stop reached: Stop loss has been hit! -7 pips

Comments

Have you reached your stop loss? Or are you still holding onto buy position?
+1 Reply
TiborVrbovsky SpeedyEQTrader
@SpeedyEQTrader, My Stop loss at 0.89942 was hit. No reason to hold a pair with new low, I am looking for a sell stop position this week.
Reply
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