Archive for September 23rd, 2013

Going Long USDCHF

Going Long USDCHF

I just went long on the USDCHF pair...  if you click on the picture above, you can see it more clearly. The price has now hit a support line which was a strong base at the beginning of the year. The price had hit this year on a couple of occasions and it's worth a punt! The negative aspects of the trade is that the price is looking a tad weak and we have gone long as the market is trending lower so we are indeed trading this as a countertrend play. However, the risk is low.. 30 pips w

September 23, 2013 No Comments Full Story