The Dollar Swiss pair has formed a nice trend line moving up from 1.1546 on the 1000 hour bar on February 4, to 1.1584 on the 1800 bar on February 8. I'm looking for a break of that line lower and if it breaks on the hour chart, I'll enter short. I'm looking for a profit target of about 1.1400, but will move to break even at +50 pips and ride it down on a trailing stop. We'll see where it goes! My stop will go about 1.1750.
Happy Trading!
Happy Trading!
