Monday, March 28, 2011

USDCHF - UPDATE 1


Original trade post: USDCHF potential breakout

The original trade was a pending order that was triggered a few hours ago.  Since then, price has consolidated between the trend lines shown on the chart attached.  If the upper trend line FAILS, I am exiting the trade.  I am not waiting for the stop to get hit, I am waiting for a break above the trend line and a candle close to the upside - otherwise I am still looking to ride it down.

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