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

USD/CHF – Long Trade

This is a small long position. The premise is mostly that we are looking for a possible short term continuation of what can be looked at as a technical bounce. About 50 PIPS would be the target. Entry is .9614