It doesn't look like the market decided to punish Swiss stocks as much as the knee jerk reaction crash they got on the day of the SNB announcement to remove the EUR peg. I though I would share this trade as it's going well so far. Could be one for the long run. Good luck!
This looks like a good spot for resistance after a very short period of consolidation between trendlines after bull wedge break out.
Maybe a little labour intensive for some but a safe way to book profit without much risk. Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting...
Trade in 2 units. Take first target on chart. Move stop to protect 2nd position for in anticipation of ECB tomorrow. Good luck
Tight stop for good risk reward. Then long again at bottom of trend line. Good luck!
Entered shorts at 1239, 1240, & 1241 with a tight stop. Silver, Copper and Platinum all rallied today but Gold is very subdued holding above the 10 day MA on the 1hr chart possibly looking to move up and test resistance at 1216.50 area. Hence my positions are small and this is an apprehensive trade but given the chart, risk reward ratio and, tight stop it could be...