Learn Price Action From a PRO - Click Here to Get Started
 

1/20/09 CHFJPY Trade

Short 1 (100) CHFJPY @ 7828
Stop @ 8040 (-212)
Limit @ 6818 (+1,010)

Entered on a surprise box trade.  It was a slightly late entry but the first resistance level held, so I stayed in.

Click above for larger image

Click above for larger image

I woke up in the morning and the pair dropped significantly.  Given the week I was having, I thought it best to close the trade becaues price was stalling and looked like it would reverse.  Closed out at 7602 for +226 pip profit, still about a 1:1 risk/reward ratio.  Good trade




If you enjoyed this article, you might also like:

  1. 1/15/09 CHFJPY Trade
  2. 1/8/09 CHFJPY Trade
  3. 1/7/09 GBPUSD Trade
  4. 1/13/09 EURUSD Trade

Comments are closed.