BostonLab

Sold USD/CHF at 0.8950 today

FX:USDCHF   U.S. Dollar/Swiss Franc
226 1 1
After buying once the lower BB was pierced 7 days ago @ 0.8958 I have ridden the wave up for 92 pip gain and sold at 0.89500 today. This was a good trade and low risk, as it was evident that tapering was going to be announced. The problem with holding is that the EUR/USD             bulls will simply never give up. I sold today because unless there is another big drop in EUR/USD             I suspect that it will try yet again to go up and go through 1.3800 resistance.

But a good trade and one to write home about.
R6B8 PRO
2 years ago
Agree with you. I have waiting for this area to be hit, 8960. I Believe we will print a new low , 40-50 pips, before a more decent pullback will happen. Regarding EUR/USD I think bulls will create a another high around 3860-3920 area before a more decent pullback.
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