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motleifaul
31. Jul. 2016 22:22

Retested Short

Canadian Dollar/Swiss FrancFXCM

Beschreibung

We retested the support being in force since 26th June by this way having retraced the previous rise as well.
Now we may continue the downtrend.

Trade geschlossen: Stop wurde erreicht

I've been waiting to long so that I have to take the little loss now.

Trade ist aktiv

Given the resistance level reached I think taht it's worth to re-open this position, because it looks like if it's difficult for the rate to overcome it in the short run.

Trade geschlossen: Stop wurde erreicht

Well, usually a trade stopped out should not be reopened. This time it was worth however, but it was unsuccessfull. I had a very tight stop on this second attempt so that there is a very little loss only. Of course it is possible that the resistance will hold anyway but then I have to reopen again.

Trade ist aktiv

At the same rate I went short again. It is another trial. The rate is failing to get through the roof, i.e. there is still a chance to see lower prices.

Trade geschlossen: Stop wurde erreicht

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