The swiss franc appreciated against the dollar throughout last week yet still managed to stay above the 0.96 zone.
Hence I would like to take this opportunity for any uptrend potential by buying USDCHF at 0.967. My cut loss for this trade is 0.964, instead of 0.96 because I want to keep my potential losses small and easily recoverable.
Uptrend targets are 0.97065 and 0.98058.
This is not a buy/sell call, do double confirm with your own trading strategy. Happy Trading Everyone.
Comment
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woke up this morning and had a pleasant surprise. However must not let trading emotions get the better of us. I trailed my stops to break even at 0.9669 since prices are currently above first target 0.97065.
Trade closed manually
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took profit on mu USDCHF longs at 0.96232. Don't want to see my gains wiped off =)