Disclaimer: updating on 9/17
GBP had been ranging for a while and was at the top of the range and heading down. CHF on the other hand was coming off of a bear move and spiked pretty significantly. When I looked at this chart, it was in a nice base with a clear path to the next support level.
Entry – 1.207
No too long after setting my entry order, price pushed down and triggered me into the trade.
| Entry Order Level |
|---|
| 1.207 |
| Stop Loss Level |
| 1.2111 |
| Target Level |
| 1.20 |
Exit – 1.21125
After triggering my trade, price based right around that level for most of the day. Later in the afternoon, before the US market closed, price started to spike and it did so enough to stop me out for a loss.
