NZD/CHF: Daily Chart
Long or Short: Short
Entry Point: .7874
Stop Loss: .7920
Profit Target/s: .7780
Reward-to-risk Ratio: roughly 2:1
Trade Rationale:
This resistance level has held many times. I think it will continue to do so. Its worth a shot at least.
I may be new to this forum, but I would have thought that a trade would have to be a winner to qualify as a trade of the week?
I’m pretty sure that this one did not hit target, but hit the stoploss. Unless it was closed before the weekend.
I’m confused
Edit.
Just read the rules. I was originally brought here from a link in the newsletter, so bypassed the main trade of the week page.
So its a voting thing and a trade doesn’t have to be a winner. Seems strange though.