Thread: Trader123's trading ideas
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Old 07-30-2008, 10:24 AM   #77 (permalink)
trader123
Senior Member
 
Join Date: Jun 2008
Posts: 197
Quote:
Originally Posted by trader123 View Post
USDCHF maintains its downtrend channel, Daily stochastics is pointing down as well.

Better than expected consumption indicator is providing some strength for Swiss Franc.

Shorted USDCHF at 1.0324
Stop level at 1.0366
Target level at 1.0250

Chart: Forex and Binary Trading: USDCHF maintains its downtrend channel
Stop triggered. Loss is US$202.59.

I got stopped out in my USDCHF position, but my indicators and charting still shows that USDCHF deserves to go lower.

Shorted 50,000 USDCHF at 1.0447
Stop level at 1.0492
Target level at 1.0320
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