Forecast USD CHF for 10/28/11
Technical indicators point to a strong rally
Entrance above 0.8600
Target #1 just below 0.8700
Trailing Target #2 just below 0.8800
Watch for: overbought RSI descending ROC and Momentum = Stop
Always use protective stops…
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Where would you place a protective stop in this case?
There is no a simple answer to this question. It depends on many things like your loss limit, pair’s volatility, timeframe you trade – just to name few. Read free risk management section on this site.