The US Dollar/Swiss is moving up and has a couple of nice moves up over its long term trend line (the green base line). It may try to move down to the long term trend line. If it breaks through and closes below the first blue entry line on the 15 minute chat that is a sell trade for me. I'll put my stop just above the recent high (currently at about 1.1600. I may add a second position if the pair moves below the second blue entry line. This is a shorter term trade so I'll move to break even earlier, at about 30 pips of profit.
Below is a 4 hour chart showing the overall trend. The three large moves up from the base line give us an idea that the pair may move down toward it again.
Happy Trading!
Below is a 4 hour chart showing the overall trend. The three large moves up from the base line give us an idea that the pair may move down toward it again.
Happy Trading!
