Tuesday, May 1, 2012

GBP/CHF 4H Update 4

1.47 gives way and we're down to our next major trouble area. The rising support trend line.


We're up quite a bit on the trade now, and my bias is towards the conservative end of trade management from here on.

(SL moved above the 1H bar that tested the trend line)

Down to the 1H to see if the support is of any real strength at the trend line.




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