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Newmount_Trading_Exchange
Aug 17, 2017 9:37 AM

USDCHF Short from retest of Zone Short

USD/CHFOANDA

Description

We originally shorted this market at the beginning of the week, however our entry point was to early.
We missed the short last night at the 4hr resistance level at 0.97616 and the market tanked. We were expecting some ranging across to to the trendline.
We have now shorted on the back of the retest of the 4hr zone.
Expecting market to drop to the weekly support level of 0.94567

Trade active

Moved SL to Break Even.

Trade active

Moved SL to 0.96462 locking in 20 Pips

Trade closed manually

Trade hit our SL which was 20 Pips in Profit.
+20 Pips
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