As expected Swiss declined from 1.2820 but could not break below 1.2760. So we exited our 1.2820 sell position at 1.2770 for a 50 pips profit. For now we would expect the currency to decline further down towards 1.2700 and lower. So we would prefer selling again on raise near 1.2820 for the above said target to be reached.
Sell @ 1.2820 for 1.2730 min, with stop above 1.2850.
"PERFORMANCE FOR THE MONTH OF Dec,2005 UPLOADED IN THE SITE"
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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