130819-150819 usdchf PROFIT

USDCHF DAILY

As you can see, USDCHF has traded flat for a while in Daily.

USDCHF HOURLY

As you can see, I have placed the TP near 50% of the previous trend. This is because the 261.8 of the current trend is above the 50% of the previous trend. Also the TP coincides with the highest point of the previous trend reversal.

USDCHF Trade

As you can see, I could have waited more. But I traded along with the GBPUSD trade which I posted previously. The reason for the early exit is explained in that post.