Sold USD/CHF at 0.8950 today

19 Ara 2013

After buying once the lower BB was pierced 7 days ago @ 0.8958 I have ridden the wave up for 92 pip gain and sold at 0.89500 today. This was a good trade and low risk, as it was evident that tapering was going to be announced. The problem with holding is that the EUR/USD bulls will simply never give up. I sold today because unless there is another big drop in EUR/USD I suspect that it will try yet again to go up and go through 1.3800 resistance.

But a good trade and one to write home about.