Forex Update: Profit Target Hit on Short USD/CHF Trade

Winner winner chicken dinner! I got a lucky break on USD/CHF this week!

USD/CHF 1-Hour Forex Chart

USD/CHF 1-Hour Forex Chart

A few days ago I shorted USD/CHF at market because it was in a good place from a technical analysis point of view and analysts had been expecting weak ADP and ISM non-manufacturing reports. Unfortunately for my day trade investors didn’t react much to the weaker-than-expected reports ahead of the BOE and ECB statements.

I still held on to my trade though, since I thought that my direction and technical setup is still valid. I caught a lucky break yesterday when the U.S. factory orders showed a steep drop and risk appetite dominated the U.S. session trading.

This week I pocketed 73 pips from USD/CHF which gave me a 0.73% gain for my account. Not bad for a couple hours worth of candlesticks! Fingers crossed for another good trade next week!

How about you? Got any good trades this week? 🙂

XOXO,

Huck

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  • Pipstantine

    Yeah, i also made the same trade and below is my details.

    Short entry
    Sell @ 0.8871
    Buy @ 0.8800
    Profit @ 71 pips (not as good as yours)

    • Hucklekiwi Pip

      LOL it’s almost the same! Congrats on your trade! 🙂

  • saad

    Hi,
    Princess haTs oV to u.. I noticed your trade just couple of minutes ago and gotta know that this hit your targets. really happy for you. 🙂

    • Hucklekiwi Pip

      Hi, saad.

      Thanks! Fingers crossed for another good trade this week 🙂