This is an update to our previous post on USDCHF
. So as you can see price came extremely close to out take profit zone, the wick actually shows that its crossed the TP1 zone but due to idiotic spreads we didn't get automatically taken out of this trade. nevertheless we were luckily monitoring this trade as it happened and ended up closing the trade manually for 5 Pips shorter than what our TP1 was set for. We closed out at a +45 PIP gain instead of the +50 PIP that we set as our take profit target. We then advised to move stop loss to entry on TP2 and have not really monitored the trade since. We will be looking to close out of the trade pretty soon regardless of our TP2 position which is currently running risk free.
we've had a beautiful week on the markets this week and i hope you have all had the same.
Happy friday guys.