Trade Update: EUR/CHF

PCPOD.ff.png

Good job for those of you who got in the new trade, or added on to the original as the market price made a move lower after hitting the weekly trend line once again. The pair is currently finding support at the 38% fib retracement line, so I think it’s time we take some profit off of the table.

With the current market buy price on EUR/CHF at 1.5895, I will close out the first half of our trade to lock in +30 pips and move our stop on the second half to breakeven. Good luck on the rest of the trade!

Like what you've read?
Join over 40,000 other traders who get our newsletter. Tutorials, EAs, chart setups, free forex trading systems, and more!
  • Maatej

    Thanx, for this trade. I jumped in yesterday and I am still holding the position. I was wondering if you could say what parameters do you use for the Stochastic indicator. Thank you and I apologize for my English:).

    Maatej

  • Maatej

    Thanx, for this trade. I jumped in yesterday and I am still holding the position. I was wondering if you could say what parameters do you use for the Stochastic indicator. Thank you and I apologize for my English:).

    Maatej