After my long trade in the morning was stopped out, the pair showed a bearish change of the bias. I have not traded the first break lower as I was afraid of another trap within this range. However the downmove turned out to be the start of a trending move. I entered short at bar 3 on a break lower following two candles rejecting the S1 pivot support. Took profit after two small bullish pin bars above the S2 pivot support with the second also being an inside bar.
EUR/CHF a change of the intraday trend
This entry was posted on Wednesday, May 26th, 2010 at 4:06 pm and tagged with EURCHF and posted in analysis. You can follow any responses to this entry through the RSS 2.0 feed.
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