Sunday, September 11, 2011

Short play on USD/CHF

Its always advisable to trade with the trend, however when using stops, its ok to try and play counter trend if you are confident of a level... Almost a month ago, we were trying to see where this cross might reverse..Amazingly, it has gianed almost 2,000 pips in no time at all. Now is a good time for longs to consider taking profits, or tightening stops.. Im aniticipating some correction from the 0.9135 level, with a close stop just in case..

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