Quote:
Originally Posted by trader123
My indicator is showing buy signal and hourly chart is showing positive signal as well. Fed Chairman is giving a speech now, expects some solution on the credit crunch crisis, will strengthen USD temporary.
Bought 100,000 USDCHF at 1.0263
Stop at 1.0210
Target level at 1.0330
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US May pending home sales is negative 4.7%, worse than expectation of negative 3%. To me this is a lousy data for USD, so I decide to take profit on USDCHF, sold at 1.0286. Profit is US$223.60.
At the point of writing this, USDCHF is still going up. So traders may want to monitor the position yourself to get a better selling level.