The EURCHF has stayed below my stop level for most of the Asian session then jumped 70 pips ahead of the European open. The low overnight was 44 pips away from my entry level which is more than the initial risk that I accept on my trades therefore I consider my stop being valid yesterday. I have re-drawn my trendline containing the pullback and now look to enter long on a pullback close to the prior highs near 1.2990.
EUR/CHF: closed long aftermath
This entry was posted on Tuesday, March 8th, 2011 at 9:17 am and tagged with breakout, EURCHF, pullback and posted in trading note. You can follow any responses to this entry through the RSS 2.0 feed.
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