Saturday, May 16, 2009

Profit taken on USDCHF

Having seen the USDCHF trade in a range in the past few days, but showing some potential to move higher (as noted in my 13 May My Forecast post), I bought into the pair at 1.1062 on Wed.

Last night, the pair did hit my profit level at 1.1188, giving me a profit of 126 pips under 3 days.

But I hadn't been greedy enough. The pair was last done at 1.1220 and I think there is still more upside to it.

Still a profit is a profit is a profit and I should be thankful for that.

Have a good weekend!

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