Trade Update: EUR/CHF

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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!

  • 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