Banking 195 points plus carry

  • After yesterday’s update , USDCHF performed another leg higher, putting the trade roughly 200 points in the blue.
  • I decided to take half off close to March and April lows 0.9940 , which coincides with this morning’s high, for one to bank profit, never a bad thing and
  • For the second reason that I reckon EURUSD could get sucked into a small uptick into ECB and there’s plenty more to come on the data front this week.
  • Another reason is that positive Fed Chair choices may start to be priced in for now.
  • Still got half open as EURCHF keeps pulling the pair, for which the stop is currently placed at 0.9860, target 1.0020.

USDCHF W1 25.10.2017


Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here

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