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Fxprotrader
Jul 26, 2016 4:45 AM

USDCHF Breakout Triggers A Short Trade Short

U.S. Dollar/Swiss FrancFXCM

Description

Price is rejecting the upper quartile of a valid schiff pitchfork and it's about to break below the wedge pattern we discussed last week. If we have the breakout it's a go selling USDCHF. Stoploss and profit targets as shown at the chart. As always, if price reaches the first target, we move stoploss to BE at second position.

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Comment

Trade active

Trade closed: stop reached

Comments
CARAT
i have been stop usdchf :( but stil have audcad and audusd active :)
ChrisKirk
my sl at 0.99127. just hanging on
ChrisKirk
and gone lol..
Fxprotrader
Why are you laughing?
ChrisKirk
should i be crying about losses?
ChrisKirk
i have been taught to accept and move on.
Fxprotrader
I agree, very disciplined approach, well done..!
ChrisKirk
thanks man, keep up the good work!
Fxprotrader
You are welcome
GreySouth
But US Data could tip it over SL and kick us.
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