I lost a few trades already but thanks to my cut losses, each are around 20pips. This is part of trading and managing your risks goes a long way to be a successful trader.
USDCHF plunged on the back of FOMC meeting. However based on price action, seems like there an opportunity for me to long and join this trend again.
I queued an entry at 0.953 with my cut loss at 0.950. Uptrend targets will be 0.960 and 0.965. Will trailing my stops as market approaches 0.96.
This is not a buy/sell call, do confirm with your own trading plans. Happy Trading Everyone. :)
USDCHF plunged on the back of FOMC meeting. However based on price action, seems like there an opportunity for me to long and join this trend again.
I queued an entry at 0.953 with my cut loss at 0.950. Uptrend targets will be 0.960 and 0.965. Will trailing my stops as market approaches 0.96.
This is not a buy/sell call, do confirm with your own trading plans. Happy Trading Everyone. :)
Trade active:
I executed half of my usual position at 0.9535.
Trade active:
USDCHF continue its uptrend, I shifted my trailing stops of 0.9555 to protect some of my profits. My targets are revised to 0.970 and 0.975 for the time being
Comment:
Placed my profit target at 0.97, hope to get out at this price.
Trade closed manually:
closed at 0.9684.