USD/CHF – Long Trade +20 PIPS

Same pair as previous trade – U.S. Dollar / Swiss Franc

It looked like price could continue to grind higher. Entered a long trade and a 20 PIP Take Profit order.

Ended up getting filled, taking about a day.

We do need to note how far price moved against the position before it was closed. That was about 37 PIPS. This means that if a stop loss was placed just under the low of the doji, a loss would have occurred.

Trade Closed

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s