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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? 🙂



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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.