23 February 2012

USD/CHF : Short @ 0.9070

  • This was a good trade that I had managed badly earlier. Originally short at 0.9183 and 0.9255 but got out way way too early in my hurry to get fully Risk Off. 
  • Ordinarily I would have sold on first break below 0.9090 today but I froze due to lack of confidence. Watched it make a low of 0.9037, before initiating my short on a pullback, to 0.9070.
  • This is a short on basis of bearish patterns on weekly and daily charts. First downside target 0.8560.

1 comment:

Taichiseal said...

Thank God it came back to let me in first. Now at 0.9015.