I went long on the EURCHF yesterday as a pullback against the s/term uptrend has stalled at the EMA34 just above a horizontal support level. I closed the long on a small inside bar which indicated that the bulls have run out of power. My overall view on the pair was rather contrary expecting the return of the downtrend on the 1d timeframe thus I was willing to take a smaller profit .
EUR/CHF trade yesterday
This entry was posted on Wednesday, July 21st, 2010 at 10:09 am and tagged with EURCHF, takeprofit and posted in journal, trading note. You can follow any responses to this entry through the RSS 2.0 feed.
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