USDCHF Position Trades

Discussion in 'Forex Trading' started by chumbucket, Sep 27, 2007.

  1. I am currently flat the swissy. I am watching the 1.1767 level. A move through here and a close above and I will set longs for a possible move to 1.1891. Current risk level is a close below 1676 but this could change if the trade sets up.

    Currently, 1.1891 is a key reversal level up for me. If price manages to overcome the demand at this level and moves above, then I plan to add to or set new longs to 1.2256.

    I will update if the trade develops.