Monday, June 1, 2009

June Trade # 1 - BUY EUR/CHF

June 1, 2009 1:30 pm

This pair stalled near the bolliger top band. Pulling this out manually with a respectable gain of +18 pips/lot for a total of +36 pips.

Great start for the week!

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June 1, 2009 7:00am (Manila)

It's another month of trading!

Here's my first trade for June:

BUY EUR/CHF @ 1.5088
STOP - 1.4988
Limit 1 - 1.5118
Limit 2 - 1.5200

A hammer formed on the daily charts indicating that the selling on this pair might be over. Also, the pair is nearing 1.5000 which is a level most analysts think that the SNB wants to maintain.

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