This is a trade I have just taken on the USD/CHF. I am long off the bottom of a medium term channel I have identified going back until the end of October. This follows the longer term trend of the rising Dollar Swiss. To see more of my trading ideas please visit my site at www.daytrading-tips.com
Going long on gold here hoping to get a good R/R. Reasons for long at 1212/1207:
Daily Pivot at 1208
Bottom of Daily Trendline
50% retracement of most recent low and high
Tight stop at around 1195 sorry the one on the graph isnt spot on