AudChf – Short Exit (Position)

16:50 GMT

Short Exit (+5.96%)

I have exited the second half of the CHF Long Position traded from March of this year, just shy of the previous low which was my overall target. There is a good chance we take out the lows, however, this has been a fantastic trade and is now pushing into a previous low inside the Profit Taking area for this week

For the sake of a handful of extra pips into the lows I would rather book the trade and allocate the capital into other markets where opportunity arises

I now have no Longer Term Position trades open with the closing of this trade. Please note this will not be recorded in the Short Term Trading Book but in the seperate Long Term Trading Book as they represent different strategies and Risk Profiles

Disclaimer: The Real Time Set Ups are an accurate representation of real trades John takes personally using his own strategies. They should be used for the purposes of training and do not constitute financial advice