I have taken a risky short on this pair at the 1.15 level - my stop is set 200 pips above. If this pair continues to swing higher then so be it. It is nearing the top of it's current range and seems to be fizzing out of momentum. I'll risk 200 pips for this trade and my target price is 1.12 area or lower
Thursday, January 22, 2009
USD/CHF: Short @ 1.1524 - Stop Set 200 pips above
I have taken a risky short on this pair at the 1.15 level - my stop is set 200 pips above. If this pair continues to swing higher then so be it. It is nearing the top of it's current range and seems to be fizzing out of momentum. I'll risk 200 pips for this trade and my target price is 1.12 area or lower
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