Thursday 14 February 2013

13/02/2013 USD/CHF short (loss)



I entered short on the daily chart after a bearish engulfing outside bar off a pretty good horizontal level. Here is my entry chart (click to enlarge). Risk on this trade was 0.5% and I was aiming for 2:1 RR.





And below you can see the exit chart showing price making a strong move and taking me out for a loss. Had this one open overnight. Not a nice start to the day, waking up and seeing a loss, but hey, it happens.




At this point in time, I still feel it was a decent trade to take. 

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